The Pawn Shops industry has benefited from the recession, with demand for pawn loans rising in conjunction with financial problems. Though retail sales took a hit as consumer spending fell, this segment will pick up over the next five years. Nevertheless, a decline in demand for pawn loans will adversely affect industry operators as the economy begins to recover.
Companies in this industry offer secured loans to individuals, who then provide items of personal property as collateral. These firms also retail used goods that are often acquired from unpaid loans or are purchased directly from consumers.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.