Global Pawn Shop Market: Overview

Pawn shop is a one of a unique place for buying and selling including tools, jewelry, guns, electronics, and other merchandises or getting cash loans at an installment cost settled upon by both the parties. These shops are considered as great option to retail unimportant and old products at a reasonable value as opposed to sell the items at a piece shop. They are taken care of by proficient staff for better worth expectation and confirmation of the item during resale.

Global Pawn Shop Market: Notable Developments

Initiatives taken by the players consist as a key and most significant notable development in the growth of the market. In the pawn shop market players are taking significant steps to stand out among other players and to get a firm hold in the market.  Some of the key players include DFC Global Corp., EZCORP INC., Valley Pawn, KVP Group, American Pawn Company, Borro Private Finance, Luxury Asset Capital LLC, Cash Converters Pty Ltd, UEDA Co. Ltd, and Tiger Pawn Store. Prominent players are also investing in various organic and inorganic activities to get a stronger hold in the market.

For example, Borro Private Finance established in the U.S. and in U.K. pawnbroker organization, raised a store of US$ 112 million from Victory Park Capital Advisors, LLC (a U.S. based speculation firm). The subsidizing permitted Borro to extend its business over the U.K. what's more, to build its loaning ability to US$ 2 million for each benefit.

Additionally, later in 2016, Bravo Pawn Systems, a market head in programming advancement for pawn broking, propelled first versatile application, 'Mobile Pawn', which gives pawn administrations to its clients at a solitary snap on their cell phones.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Global Pawn Shop Market: Drivers and Restraints

The global pawn shop market is expected to increase huge footing during the forecast period due to the simple and snappy access to cash at pawn shops. Cash got by pawning the thing can be utilized to satisfy essential necessities, for example, paying rents, power bills or for fuelling the vehicle. For example, as indicated by National Pawnbrokers Association, in the U.S, as per U.S. Financial Census of 2012, there were around 6,000 pawn foundations in 2007, which expanded to around 10,000 pawn foundations in 2012. Expanding requirement for speedy access to cash is relied upon to drive development of the pawn shop market.

Be that as it may, stringent government guidelines, for example, 'USA Patriot Act' and 'Truth in Lending Act' forced on pawn broking, so as to guarantee customer assurance and to counteract tax evasion occurrences is relied upon to obstruct the worldwide pawn shop market development.

Looking for Regional Analysis or Competitive Landscape in Pawn Shop Market, ask for a customized report

Global Pawn Shop Market: Regional Growth Prospects 

Regionally, the global pawn shop market covers North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Of these regions, analysts’ states that North America is expected to lead the global pawn shop market in the coming years. Increasing trend of online earning and online trading is booming in the region which makes this region highly susceptible for growth. Moreover, in this region trend of quick and convenient methods of loan provision that are given for short term has also gained huge trend and are now widely preferred by the people. Furthermore, availability of various products along with huge variety of shops has further augmented growth in North America pawn shop market.  Other factors include cheap pricing of the goods. Besides, growth in other regions including Europe and Asia Pacific the demand for pawn shop is also rising at a considerable rate.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Pawn Shop Market

Pre Book