The UK's largest sharing economy sectors could increase sales by £13bn this year, according to predictions from professional services firm PwC. On-demand household services are expected to expand revenues by roughly 45% a year to 2025 as the fastest growing sharing economy sector. Meanwhile, on-demand professional services are expected to expand by 40% a year. Total sharing economy transactions in the UK are nearly doubling year on year, led by peer-to-peer financing and accommodation providers, from £3.9bn in 2104, to £7.4bn in 2015 and to an estimated £6bn in 2016. PwC predicts that by 2025 total transactions could reach £140bn.
The UK's largest sharing economy sectors could increase sales by £6bn this year, according to predictions from professional services firm PwC. On-demand household services are expected to expand revenues by roughly 45% a year to 2025 as the fastest growing sharing economy sector. Meanwhile, on-demand professional services are expected to expand by 40% a year. Total sharing economy transactions in the UK are nearly doubling year on year, led by peer-to-peer financing and accommodation providers, from £3.9bn in 2104, to £7.4bn in 2015 and to an estimated £13bn in 2016. PwC predicts that by 2025 total transactions could reach £140bn.