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Global sharing economy market is estimated to be worth over USD 54 billion by 2023

Global sharing economy market is estimated to be worth over USD 54 billion by 2023

The recent rise of the sharing economy 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.

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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.

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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 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.

The transportation segment accounts for the largest market share followed by the space segment. Products and services offered range from car rides, logistics, houses and many more.

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.

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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.

Key benefits of the report:
*This report embraces momentous information on the sharing economy 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. ?
*This report determines the overall market potential to apprehend the trends to attain a resilient exposure in the market.
Target Audience
*Investors looking to invest in this market

Table of Contents:

1 Executive Summary

2 Demographic Overview

3 Research Methodology

4 Premium Insights

5 Market Overview

6 Market Factor Analysis

7 Global Market Analysis By Technology

8 Global Market Analysis By End User Industry Type

9 Global Market Analysis By Region

10 Market Trends & Competitive Analysis

11 Company Profiles

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