Sharing economy market projected to nearly double by 2032

By AI, Created 1:20 PM UTC, May 25, 2026, /AGP/ – The global sharing economy market is forecast to grow from $387.1 billion in 2022 to $827.1 billion by 2032, driven by demand for cost-effective services and broader platform offerings. North America and sharing transportation are expected to remain key growth engines, even as privacy and fraud concerns weigh on expansion.

Why it matters: - The sharing economy is moving from a niche digital model to a larger consumer market with broad exposure across transportation, lodging and freelance services. - The forecast points to steady growth over the next decade, which matters for platforms, investors and traditional businesses facing competition from peer-to-peer alternatives. - Rising privacy and fraud concerns could shape how quickly the market expands and how companies design trust and security features.

What happened: - Allied Market Research said the global sharing economy market was valued at $387.1 billion in 2022. - The firm projected the market will reach $827.1 billion by 2032. - The market is forecast to grow at a 7.7% compound annual growth rate from 2023 to 2032. - The report was shared May 25, 2026. - The report includes a sample request at Request the sample PDF.

The details: - Cost-effectiveness of sharing economy services is a major driver of growth. - Diversification of services across sharing economy platforms is also supporting demand. - Consumer data privacy concerns are restraining market growth. - Increased fraudulence is another factor limiting expansion. - Adoption of technological advancements creates new opportunities for the market. - Expansion into international countries is also opening growth opportunities. - Sharing transportation led the market in 2022 with two-fifths of total market share. - Sharing transportation is projected to post the highest CAGR in the market at 7.1% from 2023 to 2032. - Growth in ride-hailing availability, discounts and internet usage is supporting that segment. - The generation Z segment held less than half of the market share in 2022 and is expected to keep its lead through the forecast period. - Cost sensitivity is a key reason Generation Z favors sharing economy services over conventional accommodation and ride-hailing options. - North America held more than one-third of global sharing economy revenue in 2022. - North America is expected to remain the largest regional market through 2032. - Tourism is a major driver in the region. - Demand for non-traditional accommodation and ride-sharing services is also supporting the North American market. - The report lists major players including Uber Technologies, Booking Holdings, Airbnb, Accor, eBay, Lyft, Fiverr International, HubbleHQ, Avis Budget Group and Stashbee. - Allied Market Research said the companies use acquisitions, partnerships and new product launches to expand market share.

Between the lines: - The market forecast suggests the biggest winners will likely be companies that combine convenience with trust, since the same digital features that scale the market also raise privacy and fraud risks. - The regional and segment outlook shows a market still anchored by transportation and travel behavior, even as the broader sharing economy spans more categories. - North America’s lead hints that mature consumer markets and tourism-heavy demand remain central to revenue generation.

What’s next: - Market competition is likely to intensify as leading platforms push acquisitions, partnerships and product launches. - Growth in ride-hailing, alternative accommodation and online services will likely continue to define the market mix through 2032. - Companies will likely need stronger security, data protection and fraud controls to sustain adoption. - The full report is available through Inquiry before buying.