Sharing Economy in Middle East – Statistics and Trends [Infographic]

11 Jan 2018

The sharing economy in Middle East is growing and the estimated spending of GCC consumers on sharing economy platforms is $10.7 Billion. Check out our infographic on “Sharing Economic in Middle East” for latest statistics and trends including  Middle East Consumers Sharing Economy Spending by Sector, top benefits of sharing economy spending according to middle east consumers, top sharing Economy sectors in Middle East by Usage and more.

Sharing Economy in Middle East - Statistics and Trends

Infographic by GO-Gulf Web Design Company in Kuwait

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Estimated spending of GCC consumers on sharing economy platforms – $10.7 Billion

Sharing Economy spending by Sector

Sector Spending in USD Billion
Transportation 2.97
Financial Services 2.28
Business Services 2.16
Household Services 2.00
Accommodation 1.29

Top Benefits of Sharing Economy according to GCC consumers

Reasons Bahrain Kuwait Oman Qatar Saudi Arabia UAE
Price Reduction 64% 66% 72% 65% 57% 62%
Mutual Benefits to Producers and Consumers 33% 31% 36% 30% 30% 37%
Increased Flexibility 25% 26% 25% 23% 28% 32%
Convenience 19% 21% 20% 21% 24% 28%
Better Resource Management 19% 15% 24% 12% 15% 22%

Top sharing Economy sectors in Middle East by Usage

Sectors Regular Users Occasional Users Non Users Unfamiliar  with concept
Transportation (Careem, Carpool Arabia, Sharekni etc) 28% 21% 30% 21%
Household Services (mrUsta, Service market, etc.) 12% 12% 41% 35%
Accommodation (AirBnB) 14% 15% 36% 35%
Financial services ( Beehive, Eureeca etc) 15% 14% 38% 33%

Estimated Increase in Spending by Shared Economy Users by Sector

Sector Estimated increase in spending
Accommodation 42%
Business Services 40%
Transportation 38%
Financial Services 35%
Household Services 34%

Top Barriers to Sharing Economy Growth by Country

Barriers Bahrain Kuwait Oman Qatar Saudi Arabia UAE
No need to Use it 60% 55% 49% 61% 54% 53%
Lack of Sharing Culture 19% 17% 13% 18% 19% 21%
Lack of Options in specific area 18% 21% 32% 16% 18% 16%
Lack of trust in service providers 16% 6% 10% 3% 9% 13%
Poor quality of goods and services 12% 9% 9% 4% 10% 12%