• Home News Sharing Economy to Reach $1.5 Trillion Despite COVID-19, BCC Research Says Latest Press Release

Sharing Economy to Reach $1.5 Trillion Despite COVID-19, BCC Research Says Latest Press Release

Posted 02 Jun-2020 01:47 PM by Steve | 791

The global sharing economy should reach $1.5 trillion by 2024, growing 31.9% annually, according to the latest report by BCC Research, Shared Economy: WeWork, Uber, Airbnb and Lyft.

The œsharing economy is a megatrend redefining the very nature of œownership in the modern world, replacing it with œaccess. Access to cars, bikes, office space, vacation homes and more has become a normal, and very large, part of our economic lives.

But COVID-19 and social distancing have rushed onto the scene, causing a global rethink on what healthy human contact should look like. So, is the juggernaut dead? BCC says no. It's literally too big”and too agile”to fail.

Report Highlights

  • The global sharing economy was worth $373.7 billion by 2019 and is projected to reach $1.5 trillion by 2024.
     
  • P2P finance was the largest segment of the sharing economy in 2018, at $126.4 billion (42.7% of the total sharing economy), followed by mobility sharing at $72.3 billion (24.4%) and vacation rental and room sharing at $52.3 billion (17.7%).
     
  • P2P finance also has the highest projected growth rate of 42.9% through 2024. Other fast-growing segments include coworking (24.5%), mobility sharing (19.1%), and online talent platforms (18.1%). As a result, P2P finance is expected to increase its share of the global sharing economy from 42.7% in 2018 to 69.6% in 2024.

Read the full report here: https://www.bccresearch.com/market-research/finance/shared-economy-wework-uber-airbandb-lift-market.html

œShared workspaces are obviously a lot less popular in the short-term during this age of COVID-19, says BCC Analyst Andrew McWilliams. œHowever, the nature of shared economy is nothing if not flexible. We're expecting to see companies realize that people can be just as productive without the long commute. This would boost the need for coworking spaces and the use of bikes and shared rides like Uber to get people there. That could open up a whole avenue of opportunities for people in the market.

About BCC Research
BCC Research publishes market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering current and emerging industrial and technology sectors. For more information about BCC Research, visit bccresearch.com.

Source - https://www.newswire.com/news/sharing-economy-to-reach-1-5-trillion-despite-covid-19-bcc-research-21154835

Tags:

coworking spaces, economic impact of COVID-19, gig economy, impact of COVID-19 on sharing economy services, sharing economy, united states press release Affordable Press Release Network, Cheap Press Release Distribution Services, Affordable Press Release Website, Free Press Release Distribution, Free Press Release Service

Company Information

Company Name Contact Person Contact Number Email Id Website Address
BCC RESEARCH MARKET RESEARCH REPORTS & INDUSTRY ANALYSIS 8662857215 info@bccresearch.com https://www.bccresearch.com/

Other Economy Related Press Release News

SSR Mining Announces Voting Results from 2020 Free

SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") announces that each of the eight nominees listed in the management proxy circular for t...Read More


South County Economic Development Council Announces New Chief Executive Officer and President Free

South County Economic Development Council (South County EDC) announced it has named James O’Callaghan as the organization’s new chief executi...Read More


Penumbra, Inc. Announces Pricing of Offering of Common Stock Free

 Penumbra, Inc. (NYSE: PEN), a global healthcare company focused on innovative therapies, today announced the pricing of an underwritten public o...Read More


Aberdeen Japan Equity Fund, Inc. Announces Results Of Annual And Special Meeting Of Stockholders Free

 Aberdeen Japan Equity Fund, Inc. (the "Fund") (NYSE: JEQ) held its Annual Meeting of Stockholders (the "Meeting") on May 27,...Read More


Sharing Economy to Reach $1.5 Trillion Despite COVID-19, BCC Research Says Latest Press Release Free

The global sharing economy should reach $1.5 trillion by 2024, growing 31.9% annually, according to the latest report by BCC Research, Shared Econom...Read More