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Pawn Shops - Industry Market Research Report

  • June 2016
  • 30 pages
  • Ibisworld
Report ID: 4558150

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Lend a hand: Increased retail sales will benefit pawn shops as consumer confidence rises



Abstract

Pawn Shops

The Pawn Shops industry has declined over the past five years amid falling gold prices and the recovering economy. During the five-year period to 2016, lower gold prices and falling unemployment led to fewer defaults as the US economy returned to growth. Fewer stores are consequently able to collect higher transaction fees and generate additional earnings by selling collected collateral. As the economy continues to recover, industry revenue is anticipated to continue declining; however, declines are expected to slow over the next five years as gold prices settle.

Companies in this industry offer secured loans to individuals, who then provide items of personal property as collateral. These companies also retail used goods that are often acquired from unpaid loans or purchased directly from consumers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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