Building the future: fostering circularity through the new dawn of sharing economy practices in the construction industry
Date
2024
Authors
Rathnayake, I.
Ochoa, J.J.
Gu, N.
Rameezdeen, R.
Statsenko, L.
Sandhu, S.
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Conference paper
Citation
Association of Researchers in Construction Management, ARCOM 2024 - Proceedings of the 40th Annual Conference, 2024, pp.849-858
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40th Annual Conference on Association of Researchers in Construction Management, ARCOM (2 Sep 2024 - 4 Sep 2024 : London, UK)
Abstract
The sharing economy (SE) concept emerges as a transformative shift in resource utilisation, offering a promising path towards a more circular future. The SE is an economic system where individuals or organisations share underutilised resources using digital platforms. Despite increasing interest in this concept, limited studies focus on SE practices in the construction industry (CI). This research provides the first insights into the potential shareable resources in the CI through a systematic literature review (SLR) and a website analysis on digital platforms. Results revealed a notable lack of research on the SE within the CI compared to other industries. Potential shareable resources were categorised into 14 types. Among them, 'equipment/tools/machines/devices' sharing was highly practised in the CI, alongside 'space/storage', 'energy', and 'human resource' sharing. The Business-to-Consumer (B2C) model emerged as the prominent business approach. The research underscored deficiencies in construction-related SE digital platforms, namely, 'service coverage', 'information availability', and 'language support' and highlighted the need for a user-friendly and feature-rich platform to facilitate SE practices in the CI.
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Copyright 2024 Association of Researchers in Construction Management