Ideas
Explore the world's #1 largest database of ideas and innovations, with 460,503 inspiring examples.
Trend Reports
Discover why 1,240 brands rely on our AI-powered Trend Reports to get better, faster insights.
Newsletter
Join 321,097 subscribers who rely on our weekly newsletter to keep up with need-to-know trends and insights.
How to Hunt
Learn more about how to hunt megatrends, ideas, patterns and opportunity.
Consumer Insights
Uncover major shifts and emerging opportunities with our exclusive PRO research.
Trend Reports
Discover why 1,240 brands rely on our AI-powered Trend Reports to get better, faster insights.
Newsletter
Join 321,097 subscribers who rely on our weekly newsletter to keep up with need-to-know trends and insights.
How to Hunt
Learn more about how to hunt megatrends, ideas, patterns and opportunity.
Advisory & Services
Accelerate innovation and ignite disruptive thinking with our award-winning programs and research.
Trend Reports
Get fast, customized trend reports, presentations and deep dives 20x faster than traditional research.
Plans
Get started today with a free consultation, our self-serve tools, or a dedicated program.
Articles & Magazine
Get inspired with our 4,210 innovation strategy articles, keynote, videos and innovation tools.
Innovation Awards
Trend Hunter’s Innovation Strategy Awards recognize the best innovation tactics gathered from our interviews with some of the world's most notable business leaders, authors and change makers.
Advisory & Services
Accelerate innovation and ignite disruptive thinking with our award-winning programs and research.
Innovation Assessment
Enhance your innovation potential with a deeper understanding of your unique innovation archetype and how your organization benchmarks.
FuturistU
Prepare for the years ahead with 100+ lessons, tactics, tools and frameworks with our full learning database.
Innovation Books
Join 20,000,000 people getting better and faster with our New York Times Bestselling books and keynote videos.
Jeremy Gutsche
Ignite your event or virtual event with our CEO, a NY Times Bestselling Author and one of the top innovation keynote speakers.
Our Team of Speakers & Virtual Presenters
Inspire your group with our most popular speakers on innovation, trends, change and futurism.
Custom Training & Events
Bring the Future Festival experience directly to your team or co-hosted custom event.
Custom Masterclasses
Join the world's leading brands who leverage our custom programs to accelerate innovation.
FuturistU 5-Day Program
Become a Futurist with our immersive 5-Day program at Future Festival World Summit.
Online eLearning
Learn the fundamentals of futurism and trends with 100+ online courses about innovation.
How to Hunt
Learn more about how to hunt megatrends, ideas, patterns and opportunity.
Contact
Get in touch to learn more, ask a question or submit a tip.
About Us
Learn more about Trend Hunter and how we accelerate innovation.
Follow-Us
Join our 3,500,000 social media followers, on the cutting edge.
How to Hunt
Learn more about how to hunt megatrends, ideas, patterns and opportunity.
FAQ
Get answers to common questions about Trend Hunter.
Community
Stay on the cutting-edge with the help of the Trend Hunter community.
Team
Meet the team trusted by hundreds of leading businesses worldwide.
Jobs
Find opportunities to accelerate your career with the #1 Trend Firm.
News
Catch up on noteworthy Trend Hunter news and media mentions.
Join
Build a portfolio and put your trend-spotting abilities to the test.
Advertising
Supercharge your marketing by partnering with Trend Hunter.
Portfolio
Visit your public portfolio and browse your past articles.
Add a Trend
Write up an article and showcase your trend-spotting skills.
My Trends
Edit your articles and see how they stack up on the leaderboards.
Settings
Edit your profile, connect your social media accounts, and more.
Add a trend, customize your dashboard, or track topics.
Future Festival
Innovation Events
Join the world's top innovators at our in person events.
Free Webinars
Learn to innovate through chaos, navigate the new normal and maintain work culture from home.
Custom Training & Events
Bring the Future Festival experience directly to your team or co-hosted custom event.
Search our database of 460,503 cutting edge ideas.

P2P Tool Rental Apps

The 'Sparetoolz' App Eliminates the Need to Buy New Tools

— May 22, 2019 — Tech
The 'Sparetoolz' app is a sharing economy solution that will provide consumers with a way to easily access the tools they need on a sporadic basis without the need to buy them outright. Positioned as a rental marketplace for tools, the app works by letting owners of tools rent them out when they aren't using them to make a bit of extra money or perhaps even help to pay for them. This prevents expense tools and equipment from sitting dormant in garages for extended periods, while also allowing DIYers to access them in a low-cost way.

The 'Sparetoolz' app speaks to the rising popularity of rental services as consumers opt to borrow rather than buy larger ticket items to save time and money.
Trend Themes
1. P2P Tool Rental - The rise of P2P tool rental services presents an opportunity for individuals to monetize their unused tools and for consumers to access the tools they need on a sporadic basis without the cost of buying.
2. Sharing Economy - The 'Sparetoolz' app taps into the sharing economy trend by providing a platform for tool owners to rent out their tools, reducing waste and promoting sustainable consumption.
3. Rental Marketplace - The emergence of rental marketplaces like 'Sparetoolz' allows DIYers and consumers to access tools in a cost-effective manner, paving the way for further disruption in the sharing economy.
Industry Implications
1. Tool Rental - The tool rental industry can leverage P2P tool rental apps to expand their reach and offer customers a more flexible and convenient rental experience.
2. Sharing Economy - The sharing economy industry can benefit from the development of apps like 'Sparetoolz' that cater specifically to the rental of tools, encouraging the growth of collaborative consumption.
3. DIY and Home Improvement - The DIY and home improvement industry can capitalize on the rise of P2P tool rental apps to complement their services, making it easier for customers to access the necessary tools for their projects.
4
Score
Popularity
Activity
Freshness