A2Z Market Research has published a new report titled Global Shared Economy Market 2021 – 2027. The global Shared Economy market is expected to grow at a CAGR of 29.5% in terms of revenue over the forecast period from 2021 to 2027, owing to a number of variables about which A2Z Market Research provides detailed insights and projections in the global Shared Economy market research.
Sharing economy is also known as the gig economy, collaborative economy, and access economy. Sharing economy is a type of business model in which products or services are shared between individuals or organizations. Sharing economy allows individuals or organizations to transform physical assets into profit-earning services. Moreover, it allows utilizing the products and services that they do not own ultimately leads to reducing the overall business cost and increases the profits. Global Shared Economy Market is driven by a variety of factors such as digitalization, globalization, urbanization, growing trends of efficient and economic use of resources. The increasing adoption of online services along with the introduction of online platforms has positively affected the Shared Economy market. Moreover, globalization has made it possible to obtain desired products and services from any part of the world. On the other hand, urbanization has resulted in increased population density at one particular place, thus, trends of economic and efficient use of resources are rising.
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Shared Economy Market: Segmentation
The research study segments the global Shared Economy market based on Type, Services, and End-user. The market has been categorized by Type into Free, and Paid; the Services segment includes Peer to Peer Lending, Crowdfunding, Ridesharing, Coworking, Reselling and Trading, and Others On the basis of End-user, the market is differentiated into, Healthcare, IT and Telecommunication, Transportation and Logistics, Retail, Hotels and Restaurants, Tourism, and Others. Among various categories mentioned in services, crowdfunding is projected to grow significantly along with Ridesharing service.
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Shared Economy Market: Regional Synopsis
The research report analyzes market size and forecasts for five major regions namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America, from 2016 to 2027. North America region is anticipated to lead the Shared Economy Market. The primary factor that is driving North America’s market is the presence of key players of the industry in the region. Another factor that is supporting the growth is modernization and early adoption of the sharing economy. Europe is the second region that is expected to grab a decent share of the Sharing Economy market after North America. Asia Pacific region is projected to grow at a fast pace owing to increasing trends as well as the presence of carpooling platforms such as Uber, BlaBlaCar among others.
Shared Economy Market: Competitive Landscape
The Shared Economy industry has a moderately fragmented competitive landscape. Some of the key players in the global Shared Economy market include Airbnb, Uber, Lyft, Lime, Snapgoods, JustPark, Zipcar, Spotahome, Stashbee, Fiverr, Fon, Hubble, Omni, Snap, Silvernest, BlaBlaCar, Couchsurfing, Getaround, Turo, Roomorama, LoveHomeSwap, Bon Appetour, Udemy, DogVacay, GlamSquad, CoachUp, Etsy, Eatwith, Link Coworking, Spinlister, LivePerson, Fueled Collective, Indiegogo, and Didi Global among others
Global Shared Economy Market: Segmentation
Shared Economy Market by Type
Shared Economy Market by Services
Peer to Peer Lending
Reselling and Trading
Shared Economy Market by End-user
IT and Telecommunication
Transportation and Logistics
Retail, Hotels and Restaurants
Shared Economy Market, by Region
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa