Industry Analysis & Industry Trends
Lending a hand
The Pawn Shops industry has benefited from the recession, with demand for pawn loans rising in conjunction with financial problems. Though retail sales have taken 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 firms as the economy begins to recover.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Pawn Shops industry has low market share concentration. IBISWorld estimates that the two largest players (Cash America International and EZCorp Inc.) account for only 17.7% of industry revenue in 2011. Concentration has fluctuated in the five years to 2011. Major players have gained market share compared with 2006; however, an influx of new players have entered the industry to take part in this growing market. Pawn shop establishment numbers have increased from an estimated 9,621 stores to 11,091 shops from 2006 to 2011.
The industry's low barriers to entry and low investment requirements have enabled many smaller players to participate in the pawn shop market. The... purchase to read more