Market Research Report
U.S. Pawnshops: An Industry Analysis
|Published by||Marketdata LLC||Product code||241470|
|Published||Content info||111 Pages
Delivery time: 1-2 business days
|U.S. Pawnshops: An Industry Analysis|
|Published: May 18, 2012||Content info: 111 Pages||
Print or digital format. Also sold by individual chapters.
Pawn shops in the United States now number about 11,000+ and growing, and constituted a $14.5 billion industry last year. The business is fragmented and not dominated by large national chains. The industry appears to be almost recession-proof, as the ranks of the “unbanked” consumer continue to grow. Pawn shops provide a service that traditional banks cannot - short term loans for small amounts of money. These “alternative financial services” operations are more complex than meets the eye, and must conform to strict regulations.
The industry has benefitted from soaring gold prices, coupled with positive publicity via the popular reality TV show called Pawn Stars. The study explores why growth at pawn shops has been steady, even through the “great recession”. The industry's image has changed and pawn shops are considered more mainstream as even affluent consumers now use them to raise quick cash. Even Beverly Hills and Palm Beach have pawn shops, that discreetly serve the rich.
This new study by Marketdata examines the nature of the business, reasons for the recent growth of pawn shops, national receipts/growth from 1999-2011, 2012 to 2016 forecasts, average store revenues, customer demographics, key industry trends, federal/state industry regulation/fee caps, gold prices and gold buying/scrap sales, consumer debt levels and more. Includes chapter on extensive pawn shop operating ratios from the Census Bureau surveys. Findings of research studies by: Federal Reserve, FDIC, Georgetown University, brokerage analysts, National Pawnbroker's Assn., U.S. Census Bureau and more.
This study is believed to be one of the few in-depth publicly available business analyses that exists of this market. 3 in-depth company profiles are provided for: Cash America, EZCorp., and First Cash Financial.
2007 vs. 2002 Census Survey Data
In-depth analysis of 2007 U.S. Census of Services Industries: total industry receipts; receipts by size of firm; revenues by source of receipts; legal form of organization; industry concentration ratios; single and multi-unit operations; geographic analysis by state and standard metropolitan area
In-Depth Profiles (Headquarters location, services, recent acquisitions, payday loan business, detailed 2007-2011 financials, revenues by type, foreign markets, profit margins, outlook and strategies).
Table: State Pawnbroker Associations - contacts and phones.