The Pawn Shops industry has suffered from a negative public image, which has resulted from the high interest rates they charge on loans, the low prices offered to customers for goods and a perception that pawnbrokers take financial advantage of those in need. While this negative perception has potentially limited industry growth over the past few decades, major player Cash Converters has provided the industry with a more legitimate and professional image. This has increased the market reach and customer base for industry operators.
Pawn shops 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 industry excludes companies that only provide unsecured loans or only sell second-hand goods.
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.