Travel makes up a huge portion of the more than $3.5 billion in revenue expected to be generated by the sharing economy this year; however, a new Nielsen survey suggests that travel-related items are actually among the products that people are least willing to rent out.

According to an online survey of 30,000 respondents across 60 countries, people are willing to share electronics (28%), lessons and services (26%) and power tools (23%) more than bicycles (22%), cars (21%) or their home (15%).

The following chart shows the average likelihood of someone renting out their own products or borrowing someone else’s for a fee.

ProductWilling to Share/Rent for a Fee (%)
Electronics28
Lessons/Services26
Power Tools23
Bicycle22
Clothing22
Household Itemas22
Sports Equipment22
Car21
Outdoor/Camping Gear18
Furniture17
Home15
Motorcycle13

Respondents in Asia-Pacific are the most likely to share their own goods (78 percent) or rent from others (81 percent).

On the other hand, respondents in Europe and North America are the least willing to rent their possessions for pay and the rent from others. This is an interesting finding given the growth of many sharing economy leaders from Airbnb to Getaround.

RegionWilling to Rent Owned Assets (%)Likely to Rent From Others (%)
Asia-Pacific7881
Latin America7073
Middle East/Africa6871
Global Average6866
Europe5444
North America5243

When it comes to age group, it’s not surprising that millennials are the most likely to share goods. However, there are interesting age adoption trends across regions.

Respondents 34 years old and younger are the most likely to use or rent products and services in Asia and the Middle East, but respondents 35 years old and older are more likely to rent and share in Latin America, North America, and Europe.

“Online consumers in developing markets often represent a younger and more affluent demographic than the general population, which can contribute to greater eagerness and enthusiasm,” says John Burbank, president of strategic initiatives at Nielsen.

See the full report ‘Is Sharing the New Buying’ below:

Download (PDF, 2.18MB)

Photo Credit: A yellow bike sits outside of a coffee shop. Getty Images