Scope of the Study
Pawn shop, a unique place for cash loans and selling or buying various personal property as equivalent collateral includes jewellery, tools, electronics, guns and other. If the loan is repaid in the contractually agreed time frame, the collateral may be repurchased at its initial price plus interest. These shops are a great option for retail old and unimportant products at a reasonable price rather than sell the products at a scrap shop. Moreover, Loans amounts are usually determined by an itemís market value and are expected to be repaid within a specified time frame. If consumers fail to repay the loan, the pawnbroker will sell consumer items to someone else and recoup their losses.
The market study is being classified by Type (Consumer Lending, Used Goods Retailing and Appraising Items for Purchase or Pawn), by Application (Generation X, Generation Y and Baby Boomers) and major geographies with country level break-up.
First Cash Financial Services Inc. (United States), EZCorp Inc. (United States), Cash America International Inc. (United States), Pawngo (United States), UltraPawn LLC (United States), Gold & Silver Pawn Shop (United States), American Jewelry and Loan (United States), Dollar Financial Group Global Corporation (United States), Browns Pawnbrokers (United Kingdom) and New Bond Street Pawnbrokers (United Kingdom) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Pawn Shop market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Pawn Shop market by Type, Application and Region.
On the basis of geography, the market of Pawn Shop has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- The Growth in Quick and Convenient Methods of Loan Provision for a Short Period of Time Mortgaging
- Availability of Numerous Products and Wide Range in the Pawn Shop in Developed Economies
- Rapid Adoption of Online by Pawnbrokers and Increasing Adoption of Brick and Mortar Retail Model
- Surging Adoption of Social Media as an Advertising Option
- Changes in Gold Rates and the Recovering Economy
- Increased Adoption in Asia Pacific Regions
- Lack of Awareness and Limited Number of Pawn Shop in Developing Nations
In 2018, the National Pawnbrokers Association (NPA) has released their annual survey, which shows that pawn shops are displaying an increase in retail sales. On top of that, according to the survey, pawn shops are now trying to compete with large online markets such as Facebook, eBay, Amazon, and more
According to National Pawnbrokers Associations (NPA), The laws that regulate pawn shops at the state level vary from state to state. In United States Pawn Shops in Alabama are regulated by The Supervisor of the Bureau of Loans of the Alabama State Banking Department.
Key Target Audience
Pawn Shop operators, Pawn Shop Service Providers, End Users and Others
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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