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THE RISE OF THE SHARING ECONOMY PDF Free Download

THE RISE OF THE SHARING ECONOMY PDF free Download. Think more deeply and widely.

Looking Ahead
108
Notes: (1) Includes equipment rental, B&B and hostels, car rentals, book rental, DVD rental, and equipment rental
(2) The sharing economy sectors being peer-to-peer lending and crowdfunding, online stafng, peer-to-peer accommodation, car sharing, and music and
video streaming
Source: “The Sharing Economy: Sizing the Revenue Opportunity”, PwC, 2014
THE RISE OF THE SHARING
ECONOMY
THE SHARING ECONOMY
IS GROWING FAST,
DISRUPTING TRADITIONAL
MODELS, and will rival the rental
market(1) in size by 2025
Over the past decade, the world has witnessed
the rise of a new sharing economy – one where
people use Internet and mobile technologies to
access goods and resources provided by their
peers, rather than a traditional corporate vendor.
As of 2013, the ve main sectors(2) of the sharing
economy comprised a market of about US$ 15
Billion globally, according to PwC. By 2025, PwC
says, this market will grow to US$ 335 Billion,
more than 20 times its current size and equal to
the traditional rental market
13
Size of Sharing Economy (based on 5 Primary Sectors(2)) vs. Traditional Rental Market over Time
(In US$ Billion, 2013 and 2025)
+2.9%
335335
240
15
+29.5%
2013 2025
Traditional Rental Market Sharing Economy (Based on 5 Primary Sector Revenues)
CAGR
CAGR
Spinlister
100+ countries
(2012)
Kickstarter
+US$ 1.7 billion
pledges
(Latest Available
Data)
DogVacay
+20,000 listed
pet sitters
(2011)
Uber
260 cities
Served
(2010)
TaskRabbit
1.25 million
joiners 2013
(2008)
RelayRides
+2,300 cities
served
(2010)
Streetbank
+61,700 things
shared
(2010)
Skillshare
+1,000 classes
(2010)
xx
(xx) Company
Year Founded
Vinted
+14 million
clothes listings
(2008)
Netflix
57.4 million
subscribers
(1997)
Elance
2.5 million
employments
(1999)
LiquidSpace
+16,000 user
companies
(2010)
Airbnb
+37 million
nights stayed
(2008)
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Looking Ahead 109
Spinlister
100+ countries
(2012)
Kickstarter
+US$ 1.7 billion
pledges
(Latest Available
Data)
DogVacay
+20,000 listed
pet sitters
(2011)
Uber
260 cities
Served
(2010)
TaskRabbit
1.25 million
joiners 2013
(2008)
RelayRides
+2,300 cities
served
(2010)
Streetbank
+61,700 things
shared
(2010)
Skillshare
+1,000 classes
(2010)
xx
(xx) Company
Year Founded
Vinted
+14 million
clothes listings
(2008)
Netflix
57.4 million
subscribers
(1997)
Elance
2.5 million
employments
(1999)
LiquidSpace
+16,000 user
companies
(2010)
Airbnb
+37 million
nights stayed
(2008)
MANY SHARING ECONOMY
SECTORS— INCLUDING
CAR AND HOUSE RENTAL--
WILL GROW MUCH FASTER
THAN TRADITIONAL RENTAL
SECTORS
Sharing economy businesses using “peer-to-
peer” models are growing in inuence, with top
performers attracting subscribers and funding
at exponential rates and taking business
from traditional players. While traditional
rental industries are unlikely to disappear
anytime soon, their growth will be sluggish.
For example, while the car rental market is
projected to grow at a CAGR of 2% through
2025, the car sharing market will grow more
than 11 times faster
Projected Compound Annual Growth Rate for Key Sharing Economy Sectors
(In % 2013-2025)
Leading Sharing Economy Enterprises Impacting Traditional Business
(2014 or Latest Available Data)
Source- Upper Chart: “The Sharing Economy: Sizing the Revenue Opportunity”, PwC, 2014
Sources- Lower Chart: Company websites; Literature Review
31
-1
0
0
10
20
30
40
50
60
70
Peer-to-Peer
Accommodation
Crowd
Funding/Lending
37
Online Staffing
63
Car Sharing
5
17
Car RentalsBed &
Breakfast
and Hostels
Book Rentals
-5
DVD Rentals
2
Equipment
4
Music & Video
Streaming
3
23
Sharing Economy SectorsTraditional Rental Sectors
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Looking Ahead
110
New York
17.2%
Paris
11.9%
London
10.4%
12
16
19
Airbnb
Others
Forecast
Hotel
Accommodation
Bed & Breakfast
Accommodation
Hostel
Accommodations
Peer-to-Peer
Accommodation
Accommodation
2008 2009 2010 2011 2012 2013 2014 2015 2016
70
30
10
110
50
90
130
40
60
20
0
80
100
120
Number of Taxi
Rides per Day
(In Number of Rides, 2014)
0
1
2
3
4
5
2014
4.94
2013
3.48
2012
2.34
2010
1.16
2008
0.67
2006
0.35
AustraliaAsiaEuropeNorth America
Uber (Global)
1,000,000
New York
Taxis
485,000
Over
260
Cities
Traditional Car Rental
& Taxi Service
On Demand Car
Rental
Peer-to-Peer
Car Sharing
Peer-to-Peer
Taxi Service
Car & Ride Sharing
P2P BUSINESSES ARE
CHANGING THE WAY PEOPLE
TRAVEL both domestically and
abroad
In the sharing economy, peer-to-peer (P2P)
accommodation, car sharing and taxi services
have been among the fastest-growing sectors. By
2016, Airbnb is expected to surpass the number
of rooms booked per night by the world’s largest
hotel chain, and it already accounts for 10% of
overnight stays in London. As of March 2015,
Uber drivers globally were providing more than
twice the number of rides per day as all the taxis
in New York City. The car sharing industry grew by
a factor of more than 15 between 2006 and 2014
Airbnb Nights Booked Globally
(In Millions of Nights, 2008-2016)
Growth of the Global Car Sharing Market
(In US$ Billion, 2006-2014)
Airbnb Nights Booked
Globally
(In Millions of Nights and
In % of Total, 2008-2016)
Sources- Upper Chart: “Airbnb will soon be booking more rooms than the largest hotel chains”, Quartz, 2015; Airbnb
Sources- Lower Chart: “Strategic Insights of the Global Carsharing Market”, Frost & Sullivan, 2014; 2014 New York City Taxicab Fact Book; Uber
Examples of the Sharing Market for Accommodation and Car Rental
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Looking Ahead 111
Forecast(1) Total Venture Capital
Funding Globally
(In US$ Billion, 2013)
Estimate
5.10
2.70
1.47
0.85
0
500
10
5
2010 20112012 20202014
10.00 +
2013
500.00 +
Rest of the World
US
33
(68.2%)
48.5
15
(31.8%)
CROWDFUNDING/
CROWDSOURCING MAY
PRODUCE US$ 500 BILLION
IN CAPITAL BY 2020
Crowdfunding has raised an estimated US$ 20
Billion-plus for start-up enterprises since 2010.
Today, there are more than 500 crowdfunding
platforms worldwide. While the US and Europe
dominate the crowdfunding market, accounting for
59% and 35% of funds raised in 2012 respectively,
the World Bank estimates the potential market in
the developing world could reach US$ 96 Billion
by 2025. This is more than 6 times the amount
of venture capital allocated globally in 2013,
excluding the US (US$ 15.4 Billion)
Funds Raised Through Crowdfunding over Time
(In US$ Billion, 2010-2014 and 2020)
Potential 2025 Crowdfunding Market in the Developing World
(In US$ Billion, 2025)
Note: (1) Projection based on current growth rates
Sources- Upper Chart: “The Rise of Crowdfunding”, Wall Street Journal, 2014; “Crowdfunding Seen providing $65 Billion Boost”, Entrepreneur, 2014; “Global
Venture Capital Insights & Trends 2014”, Ernst & Young, 2014
Sources- Lower Chart: World Bank Databank; “Crowdfunding’s Potential for the Developing World,” World Bank, 2014
China
East Asia & Pacific
South Asia
Europe & Central Asia
6.1% Sub-Saharan Africa
Middle East & North
Africa
Latin America & the
Caribbean
30.1%
23.4%
13.7%
6.5%
12.0%
13.8
180.5
47.6
4.9
66.9
8.0
45.0
2.5
38.7
5.6 32.4
11.0
347.8
15.1%
23.4
Net Foreign Direct Investment (FDI) Inflows
(In US$ Billion, 2013)
Crowd Funding Market
(In US$ Billion, 2025 Projection)
2025 Crowd Funding
Market as % of 2013 FDI
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