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Gig economy workers ‘hit harder’ financially

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Half of Brits (49%) working temporarily or doing contract paid work for a mobile app or website said they have taken ‘desperate measures’ to survive financially, research by the Income Protection Task Force (IPTF) has revealed.

This includes measures such as using food banks, shoplifting, gambling, drinking or taking a payday loan – less than 10% of those not working in the gig economy admitted to living like this.

The figures also show that a quarter (26%) are living paycheck to paycheck, however this rises to 31% for those working in the gig economy.

Fuelled by the growing online marketplace, the gig economy is predicted to be worth around £43 billion globally in 2020 (according to PwC) and there are an estimated 10 million gig economy workers in the UK.

The survey of 2007 UK adults showed that more than a fifth of gig economy workers (21%) had taken out a payday loan, 14% have gambled, while another 14% had used a food bank. Alcohol has served as a coping mechanism for 13% and 8% admitted to shoplifting. Over a quarter (26%) said they have had to borrow money from family or friends between pay days.

Sick leave?

The IPTF survey found that 44% have been unable to work for longer than three months, compared to 25% who do not work in the gig economy, while 38% said they would be unable to work for no longer than three months without work and 21% could not cope for more than six months.

Of those off work, a third (33%) said it was due to accident or injury, compared to 13% of non-gig economy workers. Physical health (38%) was the biggest reason for long-term sick leave, while one in five (19%) were off due to mental health issues. Meanwhile, 14% could not work due to disability.

Evan Odell, researcher at Disability Rights UK, said: “Rather than providing workers with flexible working hours they can control, the rise of the gig economy has merely stripped away predictability of hours and earnings, and with that financial security and peace-of-mind.”

“This appears to have a particular impact on disabled workers attracted to gig economy jobs because of the supposed flexibility, only to find the stresses and lack of control can make their impairments more severe. The promised flexibility of the gig economy has benefited employers, but not employees. Disabled gig economy workers are also likely struggle to get reasonable adjustments put in place, access sick pay, become part of disabled staff networks or get employment rights support from trade unions.”

Returning to work

Four fifths (79%) of gig economy workers unable to work said they have suffer mental health issues as a result.

Thirty percent said they didn’t feel like the people assessing their ability to work took enough time to understand their situation, and 27% said they felt they had to go above and beyond to prove they couldn’t work.

To that end, 95% of gig economy workers who have been long-term sick felt pressured to return to work before they were ready – with 65% actually going back into work before they should have. This is many more than the 20% of non-gig workers who have been long-term sick and said they returned too early.

Roy McLoughlin, co-chair of the IPTF, added: “Because of the more temporary employment status of gig economy workers, their finances are likely to be hit much harder when they face ill health, and it can also have a huge impact on partners and other family members financially and emotionally. But with a little planning people can help safeguard themselves and their family from financial catastrophe.

“There are many ways that people whose work pattern doesn’t fit the standard mould can insure themselves against the financial impact of long-term ill health, that would continue to pay them an income when they can’t work – and it often costs a lot less than people think. We would urge people to seek advice from an independent life and health insurance specialist to find out the best options for protecting their income.”

Birmingham was found to have the highest proportion of gig economy workers (36%), followed by London (31%) and Glasgow (30%). Bristol (5%), Brighton (6%) and Nottingham (6%) were the cities with the fewest.

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Gig Economy Market Report 2020, Trends, Competitive Landscape and Opportunities

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Gig Economy Market Report 2020, Trends, Competitive Landscape and Opportunities

Gig Economy  Market Report 2020, Trends, Competitive Landscape and Opportunities

The Gig Economy market report covers a comprehensive market analysis by product types, end-user applications, sales channels, and geographical location. It offers detailed insights on the market drivers, restraints, opportunities, threats, challenges, and dynamics that are influencing the keyword market. This report presents information about market size, pricing trends, emerging trends, and provides an understanding of the market parameters that can create lucrative opportunities for the new entrants and emerging players in the market.

The aim of the business intelligent report on Gig Economy market is to estimate the industry’s performance for the coming years to help marketing executives, investors, and other industry partakers in making sound decisions. The document delineates the key growth trends and recommends strategies to exploit the upcoming opportunities for ensuring strong returns. Further, it helps in developing counter approaches for the challenges faced by companies operating in this business space. Also, the study includes recent updates on the industry and also offers valuable insights on the impact of Covid-19 pandemic.

Key highlights from Covid-19 impact analysis:

  • Effect of Covid-19 pandemic on the socio-economic landscape.
  • Shifts in supply chain and demand share.
  • Short term as well as long term outlook of Covid-19 pandemic on the growth matrix.

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An overview of the regional landscape:

  • Based on the geographical scope, the Gig Economy market is partitioned into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
  • Details regarding the contribution of each region to overall growth is given.
  • Evaluation of sales, revenues, and growth rate for the key regional markets are provided as well.

Other important takeaways from the Gig Economy market report:

  • The product terrain of the Gig Economy market is classified into Asset-Sharing Services,Transportation-Based Services,Professional Services,Household & Miscellaneous Services (HGHM) andOthers.
  • Predictions for revenue and volume share of each product category is mentioned in the report.
  • Market share, production pattern, and growth rate of each product type over the forecast period are also enclosed in the study.
  • In terms of application scope, the Gig Economy market is bifurcated into Traffic,Electronic,Accommodation,Food and Beverage,Tourism,Education andOthers.
  • Market share secured by each application segment, along with their growth rate forecasts are cited.
  • Leading players influencing the Gig Economy market trends are PeoplePerHour,Fon,Zipcar,VaShare,Fiverr,Didi Global,E-stronger,Omni,Freelancer.com,Etsy,Home Away,Upwork,Couchsurfing,Hubble,Steam,Snap,BHU Technology,Lyft,Spotahome,Silvernest,Uber,Eatwith,JustPark,BlaBlaCar,Prosper,Care.como,Toptal,Lime,Airbnb,Envato Studio,Airtasker andStashbee.
  • Analysis of the leading companies based on their product & service portfolio, pricing model, production patterns, gross margins, market remuneration, and market share is hosted the document.
  • Major competition trends and their implications on businesses are elaborated exhaustively.
  • Comprehensive assessment of the industry supply chain, inclusive of details on top manufacturers, providers, and consumers is included.
  • Project feasibility study using various methodologies like SWOT analysis and Porter’s Five Forces analysis is furnished in the report.

Key Highlights:

  • Gig Economy market analysis and forecast, in terms of volume and value
  • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Gig Economy market
  • Gig Economy market segmentation on the basis type, function, application, backing material, technology and geography (country-wise) has been provided
  • Gig Economy market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of the study
  • Gig Economy market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation
  • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled
  • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Gig Economy market is also profiled

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Gig Economy Platforms Market Size, Key Players Analysis, Competitive Scenario, Opportunities, Development Status 2021-2026|ayer DTaskRabbit, BellHops, Guru.com, HopSkipDrive, Freelancer, etc

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Gig-Economy-Platforms-Market

Latest research on Global Gig Economy Platforms Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Gig Economy Platforms market. this report included a special section on the Impact of COVID19. Also, Gig Economy Platforms Market (By major Key Players, By Types, By Applications, and Leading Regions) Segments outlook, Business assessment, Competition scenario and Trends .The report also gives 360-degree overview of the competitive landscape of the industries.

Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries. Players can use this study to explore untapped Gig Economy Platforms markets to extend their reach and create sales opportunities.

Some of the key manufacturers operating in this market include: ayer DTaskRabbit, BellHops, Guru.com, HopSkipDrive, Freelancer, Rover, Upwork, Fiverr, DoorDash, Favor Delivery, Turo, Twago Enterprise, Handy,, , and More…

Download Free PDF Sample Copy of the Report(with covid 19 Impact Analysis):
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Our Research Analyst implemented a Free PDF Sample Report copy as per your Research Requirement, also including impact analysis of COVID-19 on Gig Economy Platforms Market Size

Gig Economy Platforms market competitive landscape offers data information and details by companies. Its provides a complete analysis and precise statistics on revenue by the major players participants for the period 2021-2026. The report also illustrates minute details in the Gig Economy Platforms market governing micro and macroeconomic factors that seem to have a dominant and long-term impact, directing the course of popular trends in the global Gig Economy Platforms market.

Market Segment by Type covers(APP-based, Website-based, )
Market Segment by Application covers (Freelancer, Independent Contractor, Project Worker, Part-Time, )

Regions Covered in the Global Gig Economy Platforms Market:

1. South America Gig Economy Platforms Market Covers Colombia, Brazil, and Argentina.
2. North America Gig Economy Platforms Market Covers Canada, United States, and Mexico.
3. Europe Gig Economy Platforms Market Covers UK, France, Italy, Germany, and Russia.
4. The Middle East and Africa Gig Economy Platforms Market Covers UAE, Saudi Arabia, Egypt, Nigeria, and South Africa.
5. Asia Pacific Gig Economy Platforms Market Covers Korea, Japan, China, Southeast Asia, and India.

Years Considered to Estimate the Market Size:
History Year: 2015-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year: 2021-2026

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Reasons to buy:

  • Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
  • Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
  • Classify potential new clients or partners in the target demographic.
  • Develop tactical initiatives by understanding the focus areas of leading companies.
  • Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
  • Formulate corrective measures for pipeline projects by understanding Gig Economy Platforms pipeline depth.
  • Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.
  • Report will be updated with the latest data and delivered to you within 2-4 working days of order.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Create regional and country strategies on the basis of local data and analysis.

Some Major TOC Points:

  • Chapter 1: Gig Economy Platforms Market Overview, Product Overview, Market Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Industry News and Policies.
  • Chapter 2: Gig Economy Platforms Industry Chain Analysis, Upstream Raw Material Suppliers, Major Players, Production Process Analysis, Cost Analysis, Market Channels, and Major Downstream Buyers.
  • Chapter 3: Value Analysis, Production, Growth Rate and Price Analysis by Type of Gig Economy Platforms.
  • Chapter 4: Downstream Characteristics, Consumption and Market Share by Application of Gig Economy Platforms.
  • Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Gig Economy Platforms by Regions.
  • Chapter 6: Gig Economy Platforms Production, Consumption, Export, and Import by Regions.
  • Chapter 7: Gig Economy Platforms Market Status and SWOT Analysis by Regions.
  • Chapter 8: Competitive Landscape, Product Introduction, Company Profiles, Market Distribution Status by Players of Gig Economy Platforms.
  • Chapter 9: Gig Economy Platforms Market Analysis and Forecast by Type and Application.
  • Chapter 10: Gig Economy Platforms Market Analysis and Forecast by Regions.
  • Chapter 11: Gig Economy Platforms Industry Characteristics, Key Factors, New Entrants SWOT Analysis, Investment Feasibility Analysis.
  • Chapter 12: Gig Economy Platforms Market Conclusion of the Whole Report.
  • Continue…

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Key highlights of the Gig Economy Platforms Market report:

• Growth rate
• Renumeration prediction
• Consumption graph
• Market concentration ratio
• Secondary industry competitors
• Competitive structure
• Major restraints
• Market drivers
• Regional bifurcation
• Competitive hierarchy
• Current market tendencies
• Market concentration analysis

Customization of the Report:
Glob Market Reports provides customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

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Global Gig Economy Market by Market Share, Vendors, Growth Rate, Analysis, Product Type, Revenue| Airbnb, CouchSurfing, FlipKey, Onefinestay

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(Post-pandemic Era)- Global Gig Economy Market 2021: Inclusive Insight

Los Angeles, United States, January 2021: The report titled Global Gig Economy Market is one of the most comprehensive and important additions to Alexareports archive of market research studies. It offers detailed research and analysis of key aspects of the global Gig Economy market. The market analysts authoring this report have provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the global Gig Economy market. Market participants can use the analysis on market dynamics to plan effective growth strategies and prepare for future challenges beforehand. Each trend of the global Gig Economy market is carefully analyzed and researched about by the market analysts.

Get PDF Sample Copy of the Report to understand the structure of the complete report:(Including Full TOC, List of Tables & Figures, Chart) : https://www.alexareports.com/report-sample/2004384

List of Top Manufacturers/Key-players of Global Gig Economy market growth report (2021- 2026): – Airbnb, CouchSurfing, FlipKey, Onefinestay, Vrbo/HomeAway, Xiaozhu, Care.com, Heal.com, Pager, Amazon Flex, Cargomatic, Farmdrop, The Food Assembly, Deliveroo, DoorDash, VIPKid, Airtasker

Gig Economy Market Segment by Type covers: Delivery, Food, Education, Retail, Others

Gig Economy Market Segment by Application covers: enterprise, personal

About “Gig Economy Market” Growth: 

In this report, the global Gig Economy market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024.


Reason to purchase this Gig Economy Market Report: –

1) To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
2) Assess the production processes, major issues, and solutions to mitigate the development risk.
3) To understand the most affecting driving and restraining forces in the market and its impact in the global market.
4) Learn about the market strategies that are being adopted by leading respective organizations.
5) To understand the future outlook and prospects for the market.

Production, consumption, revenue, market share and growth rate are the key targets for Gig Economy Market forecast from 2013 to 2025 (forecast) in these regions:

  • China
  • USA
  • Europe
  • Japan
  • Korea
  • India
  • Southeast Asia
  • South America

Key questions answered in the report:

What will the market growth rate of Gig Economy market?
What are the key factors driving the global Gig Economy market size?
Who are the key manufacturers in Gig Economy market space?
What are the market opportunities, market risk and market overview of the Gig Economy market?
What are sales, revenue, and price analysis of top manufacturers of Gig Economy market?
Who are the distributors, traders, and dealers of Gig Economy market?
What are the Gig Economy market opportunities and threats faced by the vendors in the global Gig Economy industries?
What are sales, revenue, and price analysis by types and applications of Gig Economy market?
What are sales, revenue, and price analysis by regions of Gig Economy industries?

Get Exclusive discount on this report now at https://www.alexareports.com/check-discount/2004384

Table of Contents
Global Gig Economy Market Outlook-by Major Company, Regions, Type, Application and Segment Forecast, 2015-2026
1 Market Scope Gig Economy
1.1 Gig Economy Market Snapsshot
1.1.1 Major Companies Overview
1.1.2 Market Concentration
1.1.3 Market Share & Six-Year Compound Annual Growth Rate of Major Market (CAGR)
2 Global Gig Economy Industry Analysis
2.1 Sector Breakdown Assessment, 2015-2026
2.2 Market Assessment by Type
2.3 Market Size Analysis and Forecast, by Application
3 China Gig Economy Market Estimates & Forecasts
3.1 China Gig Economy Market by Sector, 2015-2026
3.2 China Gig Economy Market by Application, 2015-2026
4 EU Gig Economy Market Estimates & Forecasts
4.1 EU Gig Economy Market by Sector, 2015-2026
4.2 EU Gig Economy Market by Application, 2015-2026
5 USA Gig Economy Market Estimates & Forecasts
5.1 USA Gig Economy Market by Sector, 2015-2026
5.2 USA Gig Economy Market by Application, 2015-2026
6 Japan Gig Economy Market Estimates & Forecasts
6.1 Japan Gig Economy Market by Sector, 2015-2026
6.2 Japan Gig Economy Market by Application, 2015-2026
7 India Gig Economy Market Estimates & Forecasts
7.1 India Gig Economy Market by Sector, 2015-2026
7.2 India Gig Economy Market by Application, 2015-2026
8 Southeast Asia Gig Economy Market Estimates & Forecasts
8.1 Southeast Asia Gig Economy Market by Sector, 2015-2026
8.2 Southeast Asia Gig Economy Market by Application, 2015-2026
9 South America Gig Economy Market Estimates & Forecasts
9.1 South America Gig Economy Market by Sector, 2015-2026
9.2 South America Gig Economy Market by Application, 2015-2026
10 Value Chain (Impact of COVID-19)
10.1 Gig Economy Value Chain Analysis
10.1.1 Downstream
10.2 COVID-19 Impact on this Industry
10.2.1 Industrial Policy Issued Under the Epidemic Situation
10.3 Driver
10.4 Opportunity
11 Competitive Analysis
11.1 Airbnb
11.1.1 Key Information
11.1.2 Service/Solution Introduction
11.1.3 Financials
11.1.4 Business Dynamics
11.2 CouchSurfing
11.2.1 Key Information
11.2.2 Service/Solution Introduction
11.2.3 Financials
11.2.4 Business Dynamics
11.3 FlipKey
11.3.1 Key Information
11.3.2 Service/Solution Introduction
11.3.3 Financials
11.3.4 Business Dynamics
11.4 Onefinestay
11.4.1 Key Information
11.4.2 Service/Solution Introduction
11.4.3 Financials
11.4.4 Business Dynamics
11.5 Vrbo/HomeAway
11.5.1 Key Information
11.5.2 Service/Solution Introduction
11.5.3 Financials
11.5.4 Business Dynamics
11.6 Xiaozhu
11.6.1 Key Information
11.6.2 Service/Solution Introduction
11.6.3 Financials
11.6.4 Business Dynamics
11.7 Care.com
11.7.1 Key Information
11.7.2 Service/Solution Introduction
11.7.3 Financials
11.7.4 Business Dynamics
11.8 Heal.com
11.8.1 Key Information
11.8.2 Service/Solution Introduction
11.8.3 Financials
11.8.4 Business Dynamics
11.9 Pager
11.9.1 Key Information
11.9.2 Service/Solution Introduction
11.9.3 Financials
11.9.4 Business Dynamics
11.10 Amazon Flex
11.10.1 Key Information
11.10.2 Service/Solution Introduction
11.10.3 Financials
11.10.4 Business Dynamics
11.11 Cargomatic
11.12 Farmdrop
11.13 The Food Assembly
11.14 Deliveroo
11.15 DoorDash
11.16 VIPKid
11.17 Airtasker
12 Research Conclusion

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