Sharing Economy

Global Sharing Economy Market to Reach US$1.4 Trillion by 2030

The global market for Sharing Economy estimated at US$366.2 Billion in the year 2024, is expected to reach US$1.4 Trillion by 2030, growing at a CAGR of 24.8% over the analysis period 2024-2030. Sharing Transportation, one of the segments analyzed in the report, is expected to record a 25.3% CAGR and reach US$574.8 Billion by the end of the analysis period. Growth in the Sharing Accommodation segment is estimated at 25.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$98.0 Billion While China is Forecast to Grow at 33.7% CAGR

The Sharing Economy market in the U.S. is estimated at US$98.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$374.7 Billion by the year 2030 trailing a CAGR of 33.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 19.1% and 21.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 20.2% CAGR.

Sharing Economy - Key Trends and Drivers

The sharing economy represents a paradigm shift in how goods and services are accessed and utilized, emphasizing the efficiency of shared resources over individual ownership. This model leverages digital platforms to facilitate peer-to-peer exchanges, allowing individuals to rent, lend, or share assets ranging from homes and vehicles to tools and skills. Companies like Airbnb and Uber epitomize the sharing economy by enabling users to capitalize on underutilized resources—such as spare rooms or idle cars—thereby creating new income streams and fostering a more collaborative consumption culture. This system not only maximizes the utility of existing assets but also reduces waste and promotes a more sustainable approach to resource management.

The rise of the sharing economy has been significantly influenced by advancements in technology, particularly the widespread adoption of smartphones and the development of sophisticated online platforms. These technological innovations have made it easier for individuals to connect and transact, providing the necessary infrastructure for trust and transparency. Rating and review systems, secure payment gateways, and real-time GPS tracking are just some of the features that have enhanced user confidence and facilitated the growth of sharing-based services. Moreover, the sharing economy has expanded beyond accommodation and transportation to encompass a broad array of sectors, including finance (peer-to-peer lending), retail (shared wardrobes), and even professional services (freelance platforms). This diversification underscores the versatility and expansive potential of the sharing economy model.

The growth in the sharing economy market is driven by several factors, including increasing urbanization, economic pressures, and evolving consumer preferences. As urban areas become more densely populated, the need for efficient resource use and accessible services intensifies, making sharing-based solutions more attractive. Economic pressures, particularly following the financial crises and the economic impacts of the COVID-19 pandemic, have pushed many individuals to seek alternative income sources and cost-saving measures, which sharing platforms readily provide. Additionally, changing consumer behavior, especially among younger generations, favors access over ownership and values experiences over material possessions. This shift is further supported by a growing environmental consciousness, with many consumers choosing sharing services as a way to reduce their ecological footprint. These factors collectively drive the robust expansion of the sharing economy, highlighting its significant and lasting impact on global economic and social landscapes.

SCOPE OF STUDY:

The report analyzes the Sharing Economy market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Sharing Transportation, Sharing Accommodation, Sharing Finance, Other Types); End-Use (Individual End-Use, Business End-Use)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 51 Featured) -

• Airbnb, Inc.
• Avis Budget Group, Inc.
• Booking Holdings, Inc.
• Comuto SA (BlaBlaCar)
• EatWith
• Gaviti Akyl LTD
• HomeShare Online, Inc.
• LimeBike (Neutron Holdings Inc.)
• Lyft Inc
• movmi Shared Transportation Services, Inc.
• Spacious Ltd (HubbleHQ)
• Spotahome Ltd
• Stashbee Limited
• Uber Technologies, Inc.
• Zipcar, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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