Market Overview:
The global for-profit pawn market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for pawn services across the globe, owing to the increasing economic uncertainty and rising unemployment rates. In addition, the growing popularity of online pawnbroking platforms is also contributing significantly to the growth of this market. On the basis of type, real estate accounted for a major share ofthe global for-profit pawn market in 2017. This segment is expectedto continue its dominance duringthe forecast period due tothe increasing demandfor real estate properties globally.
Product Definition:
A for-profit pawnshop is a business that is owned and operated by individuals or groups who are seeking to make a profit. These businesses often charge higher interest rates and fees than traditional pawnbrokers, and they may also engage in other activities such as buying and selling goods. For-profit pawnshops can be an important source of credit for consumers who need money quickly, but they should be used only as a last resort.
Real Estate:
Real estate is an asset class that includes residential and commercial properties, land, and buildings. Real estate is generally categorized into two segments - for-profit and non-for-profit. For profit real estate involves the ownership of a property used to generate a financial return through the rental income or sale of the property.
Automotive:
Automotive is an industry that deals with the designing, development, manufacturing and marketing of motor vehicles. The automotive sector has witnessed a significant change over the past few years owing to technological advancements. Automotive parts & components have become more reliable and complex due to integration of electronic systems in addition to mechanical systems. These electronic components require higher maintenance as compared to mechanical counterparts resulting in increased cost for automotive manufacturers which are passed on to consumers through price escalation.
Application Insights:
The pawn service charges segment dominated the global for-profit pawn market in 2017. This is attributed to the rising number of transactions and rapid growth of this segment. The other application segment includes loans, refinancing, and mortgage payments among others. Increasing consumer spending power along with high levels of consumer debt are expected to drive the demand for these services over the forecast period.
The growing popularity of e-commerce has led to an increase in online pawn transactions across various product categories such as electronics & appliances, collectibles, jewelry among others which can be done from anywhere in the world with just a few clicks on a mouse or touch screen device. The aforementioned factors are anticipated to further boost industry growth over the coming years.
Regional Analysis:
North America dominated the global for-profit pawn industry in 2016, with more than 50.0% share of the global revenue. The U.S., being one of the most developed nations, is expected to witness a significant growth rate over the forecast period from 2017 to 2030. However, due to recent economic turmoils such as Brexit and Donald Trump’s victory in U.
Asia Pacific is anticipated to be one of the fastest growing regions owing its increasing population and rising disposable income levels especially in developing countries like China.
Growth Factors:
- Increasing disposable income of the population: The disposable income of the population is increasing, which is resulting in an increase in demand for pawn services.
- Rising cost of living: The cost of living is rising, which is motivating people to use pawn services as a way to access cash quickly and easily.
- Increased availability of pawn shops: There has been a proliferation of pawn shops in recent years, making it easier for people to find a shop near them when they need one.
- Greater acceptance of pawnbroking: Pawnbroking has become more accepted over time, with more people realizing that it can be a helpful way to get access to cash when needed.
Scope Of The Report
Report Attributes
Report Details
Report Title
For-profit Pawn Market Research Report
By Type
Real Estate, Automotive, Jewelry, Electronics, Collectibles, Others
By Application
Pawn Service Charges, Merchandise Sales, Other
By Companies
FirstCash, EZCorp Inc, Money Mart, H and T Pawnbrokers, Manappuram Finance, Cash Canada, Maxi-Cash, Daikokuya, Grüne, Speedy Cash, Aceben, Sunny Loan Top, China Art Financial, Huaxia Pawnshop, Boroto, Muthoot Finance
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global For-profit Pawn Market Report Segments:
The global For-profit Pawn market is segmented on the basis of:
Types
Real Estate, Automotive, Jewelry, Electronics, Collectibles, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pawn Service Charges, Merchandise Sales, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- FirstCash
- EZCorp Inc
- Money Mart
- H and T Pawnbrokers
- Manappuram Finance
- Cash Canada
- Maxi-Cash
- Daikokuya
- Grüne
- Speedy Cash
- Aceben
- Sunny Loan Top
- China Art Financial
- Huaxia Pawnshop
- Boroto
- Muthoot Finance
Highlights of The For-profit Pawn Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Real Estate
- Automotive
- Jewelry
- Electronics
- Collectibles
- Others
- By Application:
- Pawn Service Charges
- Merchandise Sales
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the For-profit Pawn Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A pawnshop is a business that lends money on items such as jewelry, tools, and other small items. The pawnshop charges interest on the loan and may also charge fees for services such as check cashing or storage.
Some of the major companies in the for-profit pawn market are FirstCash, EZCorp Inc, Money Mart, H and T Pawnbrokers, Manappuram Finance, Cash Canada, Maxi-Cash, Daikokuya, Gr¼ne, Speedy Cash, Aceben, Sunny Loan Top, China Art Financial, Huaxia Pawnshop, Boroto, Muthoot Finance.
The for-profit pawn market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 For-profit Pawn Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 For-profit Pawn Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 For-profit Pawn Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the For-profit Pawn Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global For-profit Pawn Market Size & Forecast, 2018-2028
4.5.1 For-profit Pawn Market Size and Y-o-Y Growth
4.5.2 For-profit Pawn Market Absolute $ Opportunity
Chapter 5 Global For-profit Pawn Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 For-profit Pawn Market Size Forecast by Type
5.2.1 Real Estate
5.2.2 Automotive
5.2.3 Jewelry
5.2.4 Electronics
5.2.5 Collectibles
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global For-profit Pawn Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 For-profit Pawn Market Size Forecast by Applications
6.2.1 Pawn Service Charges
6.2.2 Merchandise Sales
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global For-profit Pawn Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 For-profit Pawn Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America For-profit Pawn Analysis and Forecast
9.1 Introduction
9.2 North America For-profit Pawn Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America For-profit Pawn Market Size Forecast by Type
9.6.1 Real Estate
9.6.2 Automotive
9.6.3 Jewelry
9.6.4 Electronics
9.6.5 Collectibles
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America For-profit Pawn Market Size Forecast by Applications
9.10.1 Pawn Service Charges
9.10.2 Merchandise Sales
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe For-profit Pawn Analysis and Forecast
10.1 Introduction
10.2 Europe For-profit Pawn Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe For-profit Pawn Market Size Forecast by Type
10.6.1 Real Estate
10.6.2 Automotive
10.6.3 Jewelry
10.6.4 Electronics
10.6.5 Collectibles
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe For-profit Pawn Market Size Forecast by Applications
10.10.1 Pawn Service Charges
10.10.2 Merchandise Sales
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific For-profit Pawn Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific For-profit Pawn Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific For-profit Pawn Market Size Forecast by Type
11.6.1 Real Estate
11.6.2 Automotive
11.6.3 Jewelry
11.6.4 Electronics
11.6.5 Collectibles
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific For-profit Pawn Market Size Forecast by Applications
11.10.1 Pawn Service Charges
11.10.2 Merchandise Sales
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America For-profit Pawn Analysis and Forecast
12.1 Introduction
12.2 Latin America For-profit Pawn Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America For-profit Pawn Market Size Forecast by Type
12.6.1 Real Estate
12.6.2 Automotive
12.6.3 Jewelry
12.6.4 Electronics
12.6.5 Collectibles
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America For-profit Pawn Market Size Forecast by Applications
12.10.1 Pawn Service Charges
12.10.2 Merchandise Sales
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) For-profit Pawn Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) For-profit Pawn Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) For-profit Pawn Market Size Forecast by Type
13.6.1 Real Estate
13.6.2 Automotive
13.6.3 Jewelry
13.6.4 Electronics
13.6.5 Collectibles
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) For-profit Pawn Market Size Forecast by Applications
13.10.1 Pawn Service Charges
13.10.2 Merchandise Sales
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 For-profit Pawn Market: Competitive Dashboard
14.2 Global For-profit Pawn Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FirstCash
14.3.2 EZCorp Inc
14.3.3 Money Mart
14.3.4 H and T Pawnbrokers
14.3.5 Manappuram Finance
14.3.6 Cash Canada
14.3.7 Maxi-Cash
14.3.8 Daikokuya
14.3.9 Grüne
14.3.10 Speedy Cash
14.3.11 Aceben
14.3.12 Sunny Loan Top
14.3.13 China Art Financial
14.3.14 Huaxia Pawnshop
14.3.15 Boroto
14.3.16 Muthoot Finance
