Pawn Shop Market
Pawn Shop Market Size, Share, and Trends Analysis Report by Product Type (Jewelry and Accessories, Electronics and Tools, Antique Collectibles, Musical Instruments, Precious Metals, and Stones, Guns, and Others), and by Service (Loan, Selling, and Buying) Forecast Period (2023-2029)
The global pawn shop market is anticipated to grow at a considerable CAGR of 3.2% during the forecast period. The key factors that are assisting in the market’s growth include the increasing prices of gold and other jewelry coupled with the increasing demand for loans among individuals for various purposes. Since banks and other organizations do not offer easy and simple loans, people are turning to pawn shops for easy and quick loans by pawning their things. Besides, electronics and tools can also be found at an economical price at pawn shops, as a result of which, individuals prefer to buy secondhand tools and accessories for their urgent requirements.
Segmental Outlook
The global pawn shop market is segmented by product type and service. Based on product type, the market is sub-segmented into jewelry and accessories, electronics and tools, antique collectibles, musical instruments, precious metals and stones, guns, and others (clothing and vehicles). Based on the service, the market is sub-segmented into loan, selling, and buying. Among the service segment, the selling sub-segment is expected to grow at a significant rate owing to the number and variety of discounted goods that are easily available in these shops.
The Jewelry and Accessories Sub-Segment Holds a Prominent Share of the Global Pawn Shop Market
Among the product type, the jewelry sub-segment is expected to hold a prominent share of the market during the forecast period. The cost-effectiveness of pawn shop jewelry is a crucial driver of the segment's growth. Quality jewelry, particularly at retail pricing, can be extremely expensive. On the other hand, those who buy secondhand jewelry at pawn shops acquire the same quality jewelry for a lower cost. Additionally, pawn shops sell all types of jewelry, such as gold, platinum, silver, and diamonds, which increases the choice and variety for customers.
Regional Outlooks
The global pawn shops market is segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the rest of the world (the Middle East and Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among the regions, the North American region is expected to hold a considerable market share across the globe, owing to the continuously establishing various pawn shops in countries such as the US.
Global Pawn shops Market Growth, by Region (2023-2029)
The North American Region is Expected to Dominate the Global Pawn shops Market
The pawn industry is a stable part of the US economy that serves the important function of providing credit to millions of families every year. Pawn shop loans are a fast and efficient way for people to access short-term cash for unplanned expenses and emergencies. According to data from the US Census, as of 2022, approximately 9,000 to 10,000 pawn shops operate in the US, employing about 70,000 people. Out of which, 88% of pawn shops operate with 10 or fewer employees. This means the pawn industry is a small business industry. However, the growing trend of quick, rapid, and easy means of loan supply provided for the short term has gained popularity among the people, which in turn has propelled the regional market growth. Besides, increasing expenditure on jewelry, weapons, and other accessories are also key elements contributing to the development.
Market Players Outlook
The major companies serving the global pawn shop market include American Jewelry and Loan, Big Pawn Inc., Browns Family Jewellers, Browns Pawnbrokers, Buckeye Pawn Shop, and others. These companies are considerably contributing to the market’s growth through the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, investments, and new pawn shop openings, to stay competitive in the market. For instance, in January 2022, F88, a secured lending and insurance distribution company in Vietnam, announced a $10 million debt financing from Lendable, the London-based impact finance provider's first engagement in the Southeast Asian country.
The Report Covers-
- Market value data analysis for 2023 and forecast to 2029.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global pawn shops market. Based on the availability of data, information related to new product launches and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who stands where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight and Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Pawn Shop Market by Product Type
4.1.1. Jewelry and Accessories
4.1.2. Electronics and Tools
4.1.3. Antique Collectibles
4.1.4. Musical Instruments
4.1.5. Precious Metals and Stones
4.1.6. Guns
4.1.7. Others (Vehicles and Clothing)
4.2. Global Pawn Shop Market by Service
4.2.1. Loan
4.2.2. Selling
4.2.3. Buying
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1 American Jewelry and Loan
6.2 Big Pawn Inc.
6.3 Browns Family Jewellers
6.4 Browns Pawnbrokers
6.5 Buckeye Pawn Shop
6.6 Cash America International Inc.
6.7 Dollar Financial Group Global CorporationCorp.
6.8 EZCorp Inc.
6.9 First Cash Financial Services Inc.
6.10 Gold & Silver Pawn Shop
6.11 KVP Group
6.12 Luxury Asset Capital LLC
6.13 New Bond Street Pawnbrokers
6.14 Pawngo
6.15 UltraPawn, LLC
6.16 Welsh Pawn
1. GLOBAL PAWN SHOP MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2029 ($ MILLION)
2. GLOBAL PAWN SHOP OF JEWELRY AND ACCESSORIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
3. GLOBAL PAWN SHOP OF ELECTRONICS AND TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
4. GLOBAL PAWN SHOP OF ANTIQUE COLLECTIBLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
5. GLOBAL PAWN SHOP OF MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
6. GLOBAL PAWN SHOP OF PRECIOUS METALS AND STONES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
7. GLOBAL PAWN SHOP OF GUNS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
8. GLOBAL PAWN SHOP OF OTHER PRODUCT TYPES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
9. GLOBAL PAWN SHOP MARKET RESEARCH AND ANALYSIS BY SERVICE, 2021-2029 ($ MILLION)
10. GLOBAL LOAN BY PAWN SHOP MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
11. GLOBAL SELLING BY PAWN SHOP MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
12. GLOBAL BUYING BY PAWN SHOP MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
13. GLOBAL PAWN SHOP MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
14. NORTH AMERICAN PAWN SHOP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2029 ($ MILLION)
15. NORTH AMERICAN PAWN SHOP MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2029 ($ MILLION)
16. NORTH AMERICAN PAWN SHOP MARKET RESEARCH AND ANALYSIS BY SERVICE, 2021-2029 ($ MILLION)
17. EUROPEAN PAWN SHOP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2029 ($ MILLION)
18. EUROPEAN PAWN SHOP MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2029 ($ MILLION)
19. EUROPEAN PAWN SHOP MARKET RESEARCH AND ANALYSIS BY SERVICE, 2021-2029 ($ MILLION)
20. ASIA-PACIFIC PAWN SHOP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2029 ($ MILLION)
21. ASIA-PACIFIC PAWN SHOP MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2029 ($ MILLION)
22. ASIA-PACIFIC PAWN SHOP MARKET RESEARCH AND ANALYSIS BY SERVICE, 2021-2029 ($ MILLION)
23. REST OF THE WORLD PAWN SHOP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2029 ($ MILLION)
24. REST OF THE WORLD PAWN SHOP MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2029 ($ MILLION)
25. REST OF THE WORLD PAWN SHOP MARKET RESEARCH AND ANALYSIS BY SERVICE, 2021-2029 ($ MILLION)
1. GLOBAL PAWN SHOP MARKET SHARE BY PRODUCT TYPE, 2021 VS 2029 (%)
2. GLOBAL PAWN SHOP OF JEWELRY AND ACCESSORIES MARKET SHARE BY REGION, 2021 VS 2029 (%)
3. GLOBAL PAWN SHOP OF ELECTRONICS AND TOOLS MARKET SHARE BY REGION, 2021 VS 2029 (%)
4. GLOBAL PAWN SHOP OF ANTIQUE COLLECTIBLES MARKET SHARE BY REGION, 2021 VS 2029 (%)
5. GLOBAL PAWN SHOP OF MUSICAL INSTRUMENTS MARKET SHARE BY REGION, 2021 VS 2029 (%)
6. GLOBAL PAWN SHOP OF PRECIOUS METALS AND STONES MARKET SHARE BY REGION, 2021 VS 2029 (%)
7. GLOBAL PAWN SHOP OF GUNS MARKET SHARE BY REGION, 2021 VS 2029 (%)
8. GLOBAL PAWN SHOP OF OTHER PRODUCT TYPES MARKET SHARE BY REGION, 2021 VS 2029 (%)
9. GLOBAL PAWN SHOP MARKET SHARE BY SERVICE, 2021 VS 2029 (%)
10. GLOBAL LOAN BY PAWN SHOP MARKET SHARE BY REGION, 2021 VS 2029 (%)
11. GLOBAL SELLING BY PAWN SHOP MARKET SHARE BY REGION, 2021 VS 2029 (%)
12. GLOBAL BUYING BY PAWN SHOP MARKET SHARE BY REGION, 2021 VS 2029 (%)
13. GLOBAL PAWN SHOP MARKET SHARE BY REGION, 2021 VS 2029 (%)
14. US PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
15. CANADA PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
16. UK PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
17. FRANCE PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
18. GERMANY PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
19. ITALY PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
20. SPAIN PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
21. REST OF EUROPE PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
22. INDIA PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
23. CHINA PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
24. JAPAN PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
25. SOUTH KOREA PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
26. REST OF ASIA-PACIFIC PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
27. REST OF THE WORLD PAWN SHOP MARKET SIZE, 2021-2029 ($ MILLION)
