The idea of a sharing – or collaborative – economy, such as Uber, Airbnb, eBay and Spotify has seen major demand in 2017.
Businesses from the UK, to Spain and Romania are no longer looking inward – rather, outward, toward peer-to-peer (P2P) participation and community. Predictions from PwC shows peer-to-peer transactions generated by the UK’s five most prominent sharing economy sectors stand to grow by 60 per cent – or £8 billion in 2017 alone. The total transaction is projected to reach £140 billion in 2025 which was just £13 billion in 2016. This progressive nature of the P2P business model will remain a crucial segment in the sharing economy.
OnBuy.com also analysed how the sharing economy in Europe is progressed and it facilitated almost 28 billion Euros worth of transactions in the past few years.
The findings showcase the UK and France as sharing economy trailblazers – with over 50 collaborative organisations founded and others continuing to grow. Following the standard set by the UK and France is Germany, Spain and the Netherlands, each contributing over 25 collaborative economy organisations; while less than 25 collaborative economy organisations were previously established in Sweden, Italy, Poland and Belgium. Interestingly, the residual, socio-economic trend is fundamentally changing the way.
Sharing platforms are seeing rapid expansion and it could prove a challenge for policy makers and regulators to keep up with the pace.
