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Pawn Shops in the UK - Industry Market Research Report

Publisher IBISWorld
Published Aug 01, 2024
Length 67 Pages
SKU # IBSS19120331

Description

Pawn Shops in the UK - Industry Market Research Report


Pawn Shops in the UK

The Pawn Shops industry's revenue is expected to grow at a compound annual rate of 1.4% over the five years through 2023-24 to reach £355 million. Weak growth in real-household disposable income raised the demand for short-term loans at the beginning of the period. The introduction of tighter lending standards for unsecured loans has also spurred strong demand for pawnbroking loans. Loans are secured against collateral, enabling pawn shops to offer more competitive interest rates than other forms of high-cost short-term credit. Retail sales are also likely to have recorded robust growth, with consumers recognising the value-for-money proposition offered by the industry.

Operators in this industry offer secured loans to individuals, who then provide items of personal property as collateral. Pawn shops also retail used goods that are often acquired from unpaid loans or are purchased directly from consumers. The industry excludes income generated from unsecured lending activities.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

67 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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