Sharing Economy - Market Size

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Sharing Economy: Market Size

After thorough and wide-reaching search through reputable media sources, sharing economy market reports, and authoritative agencies such as the Bank of America (BofA), BIA Advisory Services, PwC, PR Newswire, Statista and ZeroHedge, the US sharing economy market size could not be found preexisting as the information appeared to be unavailable in the public domain. However, by making some logical assumptions and leveraging publicly existing data (US sharing economy TAM, global sharing economy TAM and global sharing economy market size), we were able to triangulate the US sharing economy market size for 2017.

Useful data


We assumed that the share of the US sharing economy in terms of the total addressable market (TAM) in the global sharing economy is directly proportional to its market share in terms of market revenue (sales revenue) in the global market.


We have therefore estimated the US sharing economy market size as follows:
Global sharing economy TAM = $2 trillion
US sharing economy TAM = $785 billion
US market share in the global sharing economy in terms of TAM = $785 billion / $2 trillion * 100 = 0.3925 * 100 = 39.25%
US sharing economy market size as of 2017 = $250 billion (global market size in 2017) * 0.3925 (estimated US market share) = $98.13 billion
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Sharing Economy: Market Growth

The expected CAGR for the US sharing economy during the next 2-4 years is between 16.67% and 36.43%, with an anticipated market size between $22.99 billion and $75.46 billion in 2022.


We began by reviewing the previous request about current market size and then scoured through economic news outlets like Forbes and Entrepreneur, governmental organizations like the World Economic Forum, and research organizations like Juniper Research, Brookings Institute India, and PwC for precompiled info on the market size of the US sharing economy. However, that approach was unsuccessful, so we looked for the market size of the global sharing economy in hopes that we could then estimate the US percentage. What we discovered was that PwC's 2015 report: "The Sharing Economy" is the most frequently quoted data source for the global size of the sharing economy. Since we had found different numbers available from Juniper Research, we decided to calculate a range of CAGRs of the global sharing economy and estimate the US market size that way. Besides, this paywalled report lists market size information as well as key insights.


  • According to Juniper Research, in 2022, the estimated size of the global sharing economy will be $40.2 billion from $18.6 billion in 2017 with the Americas region making up 57.2% of that total. They list the major players as Airbnb, Deliveroo, Lyft, WeWork, and Uber.
  • PwC predicts that the global sharing economy will jump from $15 billion in 2015 to $335 billion by 2025.
  • According to the 2017 Bank of America Report on Global Sharing Economy, the total potential global sharing market is $2 trillion and the addressable market in the US is $785 billion. The report considers the sharing economy to include "on-demand (e.g. Uber), gig (e.g. TaskRabbit), access (e.g. Spotify), collaboration (e.g. WeWork), platforms (e.g. Amazon), rentals (e.g. Airbnb) and peer-to-peer (e.g. Lufax) business models."
  • BofA's prediction is "striking" because other than Airbnb and Uber, no large companies have come out of the sharing economy. The prediction assumes that baby boomers will embrace the sharing economy and that the sharing economy will expand outside of the hotel and restaurant industries. BofA has a broad definition of what it considers to be part of the sharing economy, including companies like Spotify and Pinterest.



First, we calculated the CAGR based on Juniper Research's figures using the standard formula for CAGR = (End Value/Start Value)^(1/Years)-1:

($40.2 billion in 2022 / $18.6 billion in 2017)^(1/5 [years difference])-1 = 16.67%

We then calculated the CAGR based on PwC's figures, using the same standard formula of CAGR = (End Value/Start Value)^(1/Years)-1:

($335 billion in 2025 / $15 billion in 2015)^(1/10 [years difference])-1 = 36.43%


By applying Juniper Research's estimation that the Americas would make up 57.2% of the global sharing economy market to both estimated global totals, we can estimate the future size of the US sharing economy. For Juniper Research, the calculation was straightforward: multiplying 57.2% (or .572) by the 2022 global estimate of $40.2 billion:
The estimated market size of the US sharing economy market size in 2022 = $40.2 billion * .572 = $22.99 billion
To achieve the same number using PwC's estimates, we had to multiply the grand total by the 57.2% US market share and then feed that number back into our CAGR formula to reach an estimated market size for the year 2022 as follows:
$335 billion estimated global market size in 2025 * .572 = $191.62 billion US sharing economy market size in 2025.
Feeding this value into the CAGR formula, the US sharing economy market size in 2022 =
($191.62 billion in 2025 / $ in 2022)^(1/3 [years difference])-1 = 36.43%
= $75.46 billion


From Part 01
  • "The sharing economy is estimated to grow from $14 billion in 2014 to $335 billion by 2025."
  • " While initial numbers are small, PwC emphasises the potential for growth in the sharing economy: between the five key sharing sectors (automotive, hospitality, finance, staffing, and media streaming), $14 billion in revenue was generated, a figure slated to grow to $335 billion in 2025."
  • "The sharing economy seems big and growing fast. In 2015, PricewaterhouseCoopers estimated that, from $15 billion in global revenue in 2014, car and room sharing, crowd-funding, personal services, and video and audio streaming would reach $335 billion by 2025."
  • "These numbers extrapolate from the growth rates of Uber and Airbnb. Are these growth rates sustainable and is the economic activity really new? It is time to ask these questions."
  • "There were 44.8 million adults using the increasingly popular sharing economy services in the United States in 2016. This figure was forecast to increase to 86.5 million by 2021."
  • "The potential addressable Sharing Economy market is US$2 trillion globally, while we estimate the current market at US$250bn. The addressable market in the US is US$785bn, US$645bn (€572bn) in Europe and US$500bn in China - (source: BIA/Kelsey, SIC). "
  • "PwC forecast that the Sharing Economy market opportunity could grow to US$335bn by 2025E with transport, home sharing, staffing, streaming and staffing expected to be the fastest-growing verticals, with 2013-25E CAGRs of 17-63% (source: PwC). Take-up of the Sharing Economy at the B2B level could be another positive game-changer with some experts seeing the B2B Sharing Economy as "bigger than the Internet" in terms of transforming how commerce gets done."
  • "A related study by PwC shows that while in 2013 the sharing economy companies in the five sectors where the new business model is the most prevalent earned sales revenue of 15 billion dollars, by 2025 this will have risen to 335 billion dollars, so half of the revenues in these markets will go to companies with a sharing-based model."