The sharing economy will grow from around $15bn in 2016 to $335bn by 2025, according to Pricewaterhouse Coopers, with the luxury segment of the market also expected to grow. US luxury watch rental site TubeMogul predicts that there could be as many as 1m new listings for luxury watches this year. For example, a fixed monthly fee gives a consumer use of a Rolex watch for a few weeks which they then send back to exchange for another luxury brand. “It’s not a significant market but it's getting under way,” said Olivier Abtan, a luxury specialist at Boston Consulting Group. Tend, which is about to launch in Switzerland, offers people a chance to buy tradable stakes in a sports car or a vineyard.
The sharing economy will grow from around $15bn in 2016 to $335bn by 2025, according to Pricewaterhouse Coopers, with the luxury segment of the market also expected to grow. US luxury watch rental site TubeMogul predicts that there could be as many as 1m new listings for luxury watches this year. “It’s not a significant market but it's getting under way,” said Olivier Abtan, a luxury specialist at Boston Consulting Group. Tend, which is about to launch in Switzerland, offers people a chance to buy tradable stakes in a sports car or a vineyard.