Sharing & Gig Economy, Freelance Workers & On-Demand Delivery Market Research

Competitive Intelligence, Business Analysis, Forecasts, Market Size, Trends, Companies, Statistics

Available Data Services: Custom Research Projects, Database Subsription or PDF eBooks

Industry Overview
Contents/Key Findings
Industry Statistics
Top companies
Industry trends

Sharing & Gig Economy, Freelance Workers & On-Demand Delivery OVERVIEW

The penetration of digital technology into all aspects of life is no better represented than in the adjustment of work arrangements that is occurring through the sharing economy. A sometimes-misunderstood term, the “sharing economy” is a system of peer-to-peer services, exchanges or rentals facilitated through a digital intermediary (a platform dedicated to helping consumers find and purchase specific services). Often associated with the ride-sharing company Uber, many goods and services can be provided through similar platforms, such as delivery of restaurant meals; grocery shopping and delivery; personal assistants (such as dog walkers); specialty contractors (such as TaskRabbit workers who will assemble IKEA furniture); and internet-based scheduling of everything from restaurant reservations to heavy equipment rentals. Plunkett Research estimates the size of the global sharing economy at $500 billion for 2023.

There were mixed results for this sector due to the Coronavirus pandemic. Ride-sharing companies saw plummeting revenues because of the shelter-at-home, work-from home environment. Likewise, accommodation-sharing platforms such as Airbnb and Vrbo saw large drops in revenues at first, while people were in shelter-at-home mode, but later saw business return as travelers sought options to hotels. At the same time, meal and grocery delivery services like GrubHub and Instacart soared—they were the perfect answer to closed restaurants and COVID-conscious consumers.

Closely intertwined with the sharing economy is the expansion of “gig” and freelance work. While such short-term or one-time (“contingent”) work arrangements are not new, today’s digital platforms enable a far greater number of people who desire gig or freelance work to connect with consumers and businesses that want to hire them. These platforms allow increased access to services and workers in ways never seen before. This segment is often referred to as the “gig economy.”

The sharing and gig economy is a truly disruptive development that was enabled through the rapid, worldwide deployment of the smartphone and through the ease of development of massive web-based services via databases and other systems hosted in the cloud. The nature of this industry is disruptive because the sharing economy offers very advanced solutions to everyday problems, saving time and effort for consumers, and often saving costs and creating efficiencies in the process, whether it’s the ability to let graphic designers bid on a small job for a business, the ease of getting a restaurant meal ordered and delivered to the home or the convenience of getting a ride from an airport to a hotel.

Examples of how the Sharing and Gig Economy is Disrupting Business and Industry:

a. The traditional taxi business has been literally overwhelmed by competition from ride-hailing services such as Didi, Uber and Lyft. Taxi service, particularly in the United States, can be incredibly frustrating—there is nothing worse than waiting in the rain for an empty taxi to cruise by. In contrast, platforms like Uber have given consumers the power to hail a ride from their smartphones, watch on a digital map as the vehicle nears the pickup destination, and pay seamlessly via a saved credit card or other payment option such as PayPal once the ride is completed. This is such an advancement that the world’s largest automobile manufacturers are now planning for the day when a massive segment of global consumers will opt to use ride-hailing as their everyday transportation, declining to purchase and own personal automobiles. A new descriptor has been coined to describe this trend: “mobility services.” In the near future, self-driving vehicles will boost this trend.

b. Meanwhile, bicycle-sharing platforms, particularly the massive networks in China, are offering a highly popular mode of convenient, inexpensive, instant urban transportation for millions of consumers daily who are willing to pedal a bike. This is a global trend.

c. Equally frustrating to many consumers is the task of assembling furniture and cabinetry purchased in-the-box from retailers like Ikea. TaskRabbit will send a highly experienced agent to your home to quickly assemble that new purchase for you in a cost-effective manner. This is so vital an idea that Ikea acquired TaskRabbit.

d. While shopping online via ecommerce and then awaiting your purchase to be delivered via UPS or a similar courier or freight service is rapidly gaining global market share over traditional store-front retailing, there is still immense demand for items that will be used in the home on the same day as ordered. Groceries are the perfect example. Thus, shopping/rapid delivery services such as Instacart are changing the face the grocery industry. Instacart will let you select items that you want from your favorite store, send an agent to do the shopping or the pickup, and then deliver the goods promptly to your home. This is such a breakthrough idea that giant U.S. retailer Target acquired Instacart competitor Shipt, U.S. supermarket chain Kroger launched its own delivery service and a large number of the world’s largest retailers have or will run their own delivery services. Amazon is a global leader in this regard with its same-day delivery (Amazon Fresh”) of groceries and other staples.

e. Traditionally, the provision of hotel rooms and other overnight accommodations was managed by hotel, motel and resort companies, with minor market share going to inns, bed and breakfasts, and long-term furnished-apartment firms. The sharing economy has turned the hospitality industry in an entirely new direction as Airbnb makes millions of rooms, flats and houses available for nightly rental worldwide, and services like Vrbo and Onefinestay specialize in booking travelers into any of millions of vacation homes, condos and urban apartments. Suddenly, travelers can benefit from short-term rental of fully furnished and equipped accommodations, often with features such as multiple bedrooms and baths, laundry facilities and kitchens, and sometimes with fabulous views, swimming pools or gardens.

f. A U.S.-based firm called Rent the Runway grew quickly with its unique business model. This company rents clothing, shoes and accessories, focused on fashion-conscious women. Consumers choose what they want to wear online, and the company ships the items promptly via UPS. When the short-term rental is over, the customer simply puts the item into a special shipping bag and drops it off at a UPS store for easy return. Back at the company, the item is cleaned and restocked to the rental inventory. In fact, the firm has turned into the world’s largest dry-cleaning operation.

WE PROFILE HUNDREDS OF TOP COMPANIES:

See All

PLUNKETT PROVIDES IN-DEPTH STATISTICS TABLES COVERING THE FOLLOWING INDUSTRY TOPICS:

Top Companies Profiled

The following is a partial listing for this industry. As a subscriber, you will have access to the leading companies and top growth companies. This includes publicly-held, private, subsidiary and joint venture companies, on a global basis as well as in the U.S.

Hundreds of Top Companies Profiled, Including:

PLUNKETT PROVIDES UNIQUE ANALYSIS OF THE FOLLOWING TRENDS THAT ARE DRIVING THIS INDUSTRY:

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Sharing & Gig Economy, Freelance Workers & On-Demand Delivery Industry. Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

Business trends analysis
In-depth industry overview
Technology trends analysis
Forecasts
Spending, investment, and consumption discussions
In-depth industry statistics and metrics
Industry employment numbers

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

U.S. and Global Firms
Publicly held, Private and Subsidiaries
Executive Contacts
Revenues
For Public Companies: Detailed Financial Summaries

Pages: 238

Statistical Tables Provided: 03

Companies Profiled: 150

Geographic Focus: Global

Price: $399.99

Key Questions Answered Include:

How is the industry evolving?
How is the industry being shaped by new technologies?
How is demand growing in emerging markets and mature economies?
What is the size of the market now and in the future?
What are the financial results of the leading companies?
What are the names and titles of top executives?
What are the top companies and what are their revenues?

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Sharing & Gig Economy, Freelance Workers & On-Demand Delivery Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Sharing & Gig Economy, Freelance Workers & On-Demand Delivery Industry

Introduction to the Sharing & Gig Economy Industry
The Coronavirus’ Effect on the Sharing & Gig Economy
The Sharing & Gig Economy’s Effect on Employment, Work Life and Careers
Gig Workers’/Drivers’ Rights & Employment Status Evolve
Repairs, Errand-Running, Pet Walking and Assembly-on-Demand Businesses Evolve
Sharing Economy Gains Market Share in Travel with Online Sites Like Airbnb, Vrbo and Many Global Competitors
Private Jet Sharing and Rentals Are Big Business/Semi-Private Airlines Compete
Uber, Lyft and Didi Dominate the Car on Demand (Ride Hailing) Industry
Self-Driving, Autonomous Cars Receive Massive Investments in Research and Development Worldwide
Bicycle Sharing Grows, Is Well Established in Major Cities
Demand for Home Grocery Delivery Service Such as Instacart and Amazon Fresh Soars
Meal Kits from Firms like Blue Apron Make It Easy to Prepare Home-Cooked Meals
Grubhub, DoorDash and Others Deliver Restaurant Meals and Household Items to Homes
Fashion Rental Pioneered by Online Apparel Firm Rent the Runway
Shared Spaces for Co-Living and Co-Working Face Challenges
Gig Economy and Self-Driving Cars Pose Insurance Challenges and Underwriting Opportunities
The Future of the Sharing Economy and Gig Workforce: Regulation, Benefits, Licensing and Soaring Growth

Plunkett Research Provides In-Depth Tables for the Following Sharing & Gig Economy Industry Statistics

Sharing and Gig Economy Industry Statistics and Market Size Overview
Persons Not in the Labor Force and Multiple Jobholders by Sex, U.S.: 2022-2023
Share of U.S. Adults Performing Gig Work: 2022

Organizations that have used our research and products

Subscribe to Database: All industries
$2,495.00yearly, single user
$6,995.00yearly, 5 users
Add To Cart Multi-User Online, Enterprise-Wide (Library or Corporate) Request a Quote and Free Trial
eBook or Book: This industry onlyPublication date: Mar 2024
$399.99eBook, Single User (instant download)ISBN-13: 978-1-64788-518-2
$1,995.00eBook, Enterprise-Wide Use (instant download)
$399.99Printed AlmanacISBN-13: 978-1-64788-026-2

Format

Custom Research Projects

Sharing & Gig Economy, Freelance Workers & On-Demand Delivery Market Research

Sharing & Gig Economy, Freelance Workers & On-Demand Delivery OVERVIEW

WE PROFILE HUNDREDS OF TOP COMPANIES:

PLUNKETT PROVIDES IN-DEPTH STATISTICS TABLES COVERING THE FOLLOWING INDUSTRY TOPICS:

Top Companies Profiled

The following is a partial listing for this industry. As a subscriber, you will have access to the leading companies and top growth companies. This includes publicly-held, private, subsidiary and joint venture companies, on a global basis as well as in the U.S.

Hundreds of Top Companies Profiled, Including:

PLUNKETT PROVIDES UNIQUE ANALYSIS OF THE FOLLOWING TRENDS THAT ARE DRIVING THIS INDUSTRY:

Organizations that have used our research and products

CUSTOM MARKET RESEARCH

INDUSTRIES WE COVER

INDUSTRY ANALYTICS REPORTS

CORPORATE BENCHMARKS REPORTS

Related Products

Subscribe to Database:

Multi-User Online, Enterprise-Wide (Library or Corporate)

Subscribe to Database:

Multi-User Online, Enterprise-Wide (Library or Corporate)

eBook or Book:

What data challenge can we help you solve today?

Testimonials