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Pawn Shop Market to Hold a High Potential for Growth by 2026 With Keyplayers - DFC Global Corp., Borro Private Finance, KVP Group, EZCORP INC., American Pawn Company, Luxury Asset Capital LLC, UEDA Co. Ltd, Cash Converters Pty Ltd, Valley Pawn

Pawn Shop

Pawn Shop

Pawn shop or pawnbroking is the traditional means of obtaining money in a short time. This money is given as loan against certain possession/collateral of the loan borrower. If the borrower does not repay the principal amount plus interest after the decided maturation date of the loan, the possession/collateral of the borrower is forfeited, which the pawn shop owner can again resell it to other customers.

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Market Dynamics:

The global pawn shop market is expected to gain significant traction over the forecast period, owing to the easy and quick access to money at pawn shops. Money obtained by pawning the item can be used to fulfill basic requirements such as paying rents, electricity bills or for fuelling the car.

Market Outlook:

Players operating in the pawn shop market are focused on adopting various growth strategies such as business expansion, partnership as well as launching online platform for pawnbroking, to provide easy access to the pawn store.

Key players:

Key players operating in the global pawn shop market include DFC Global Corp., Borro Private Finance, KVP Group, EZCORP INC., American Pawn Company, Luxury Asset Capital LLC, UEDA Co. Ltd, Cash Converters Pty Ltd, Valley Pawn, and Tiger Pawn Store

Market Taxonomy:

On the basis of product type, the global pawn shop market is segmented into:

Jewelry & Accessories
Electronics & Tools
Antique Collectibles
Musical Instruments
Precious Metals & Stones
Guns
Others (Vehicles, Clothing, etc.)

On the basis of service, the global pawn shop market is segmented into:

Loan
Selling
Buying

On the basis of store type, the global pawn shop market is segmented into:

Independently Owned
Publically Owned

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Coherent Market Insights
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Seattle, WA 98154
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Email: sales@coherentmarketinsights.com

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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