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

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

January 11, 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

SectorSpending in USD Billion
Transportation2.97
Financial Services2.28
Business Services2.16
Household Services2.00
Accommodation1.29

Top Benefits of Sharing Economy according to GCC consumers

ReasonsBahrainKuwaitOmanQatarSaudi ArabiaUAE
Price Reduction64%66%72%65%57%62%
Mutual Benefits to Producers and Consumers33%31%36%30%30%37%
Increased Flexibility25%26%25%23%28%32%
Convenience19%21%20%21%24%28%
Better Resource Management19%15%24%12%15%22%

Top sharing Economy sectors in Middle East by Usage

SectorsRegular UsersOccasional UsersNon UsersUnfamiliar  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

SectorEstimated increase in spending
Accommodation42%
Business Services40%
Transportation38%
Financial Services35%
Household Services34%

Top Barriers to Sharing Economy Growth by Country

BarriersBahrainKuwaitOmanQatarSaudi ArabiaUAE
No need to Use it60%55%49%61%54%53%
Lack of Sharing Culture19%17%13%18%19%21%
Lack of Options in specific area18%21%32%16%18%16%
Lack of trust in service providers16%6%10%3%9%13%
Poor quality of goods and services12%9%9%4%10%12%

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