In recent years we’ve seen a growing trend of people owning fewer possessions and the rise of the sharing economy. Due to a variety of economic pressures, the millennial generation has moved further and further away from being able to buy a house. They’ve also spurned buying cars, preferring to use car-sharing services, walk, cycle, or take public transport. We’ve swapped CDs for Spotify and DVDs for Netflix. Libraries of Things, where you can borrow everything from a lawnmower to a disco ball, are springing up around the world.

This general trend away from owning things can be attributed to the rise in valuing experiences over ownership, practicality in the face of renting a rotating series of tiny apartments, or Marie Kondo’s influence.

Whatever the cause, we’re seeing a strong move away from ownership and towards renting what we need, when we need it.

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Originally posted by:

Tania Kinal, Director of Operations at Pod Group.

iotbusinessnews.com

February 28th, 2020