Russia's sharing services revenue to grow 31 percent in 2024: study


  • World
  • Friday, 27 Dec 2024

ST. PETERSBURG, Dec. 26 (Xinhua) -- Russia's key sharing economy sectors are projected to generate 92.4 billion rubles in revenue by the end of 2024, a 31 percent increase from the previous year, Russia's market analysis agency Smart Ranking said on Thursday.

The forecast is based on the performance of Russia's sharing economy in the first half of the year, which totaled 42 billion rubles.

According to the study of Smart Ranking, the majority of revenue comes from car sharing, which is expected to exceed 60 billion rubles in 2024. The fastest growth is seen in charging device rental services, with a projected revenue increase of about 120 percent.

Meanwhile, experts predict the kicksharing sector will see a 40 percent revenue increase by year-end. This trend, which has been observed in recent years, is expected to persist, driven by the integration of kicksharing with the public transportation system.

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