Sharing Economy Based Market to Grow USD 54 Billion By 2023

The sharing economy based market can be divided into products or services offered verticals and geography. Major verticals in the market are finance, transportation, goods, space, services, learning and logistics.

October 18, 2017 /MarketersMedia/ —

The recent rise of the Sharing Economy Based Market has given rise to 17 billion dollar companies and is estimated to be worth over USD 54 billion. A sharing economy is an economic model in which individuals are able to borrow or rent assets owned by someone else. The sharing economy model is most likely to be used when the price of a particular asset is high and the asset is not fully utilized all the time. Major drivers in this market are the high cost of living which makes ownership unrealistic for a large segment of society as well the decreased social importance placed on the aspect of ownership. The emergence of the internet and increased connectivity is also a major factor in this growth.

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The fact that the collaborative or sharing economy has received over USD 15 billion in funding which is more than the entire social networking space that it uses shows that the future is bright for this market.

Geographically, North America in general and the USA in particular lead the way in terms of number of companies as well as revenue generated.

Major players in the market are Uber, Ola, Lyft, Ebay, Etsy, TradeMe, AirBnB, WeWork, HomeAway, Chegg, Freelancer, Instacart, TransferWise, FUndingCircle and many more.

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Key benefits of the report:
• This report embraces momentous information on the market with its current market trends and future estimation to portray the looming investment receptacles.
• It comprehends information regarding key drivers, challenges, restraints, and opportunities in the global market
• Market factor analysis delivers treasured information regarding the potential buyers and suppliers, and understanding the stakeholders involved.
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Target Audience
Investors looking to invest in this market

Table of Content
1 Executive Summary
2 Demographic Overview
3 Research Methodology
4 Premium Insights
5 Market Overview
6 Market Factor Analysis
7 Global Vitamin Patches Market By Type
8 Global Vitamin Patches Market By Region
9 Market Trends & Competitive Analysis
10.Company Profiles

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Release ID: 252438