Bank of America Merrill Lynch predicts enormous growth in the sharing economy

Signal of change / Bank of America Merrill Lynch predicts enormous growth in the sharing economy

By Pieter Bon / 02 Aug 2017

Translation by Mieke Van der Laan:

The Bank of America Merril Lynch predicts an enormous growth from $250 billion to $1930 billion in the sharing economy; a growth of $785 billion in the US, $645 billion in Europe and $500 billion in China.

This is striking, because for many years the sharing economy was expected to grow, but besides example like Airbnb and Uber no large organisation has come up.

The prediction is based on the assumptions that the baby boom generation will embrace the sharing economy now as well and that the number of sharing economy initiative outside the hotel, restaurant and café sectors will increase. Additionally, it needs to be considered that the Bank of America Merril Lynch has a wide definition, including all tech platforms, such as WeWork and Dropbox as part of the sharing economy.

Cookiewall | Het Financieele Dagblad

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What might the implications of this be? What related signals of change have you seen?

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