U.S. PAWN SHOP MARKET ANALYSIS

Market Challenges And Opportunities

Market Opportunity

Several companies in the U.S. pawn shop market are providing services through online channels. Earlier, customers had to visit the pawn shop to loan money from pawnbrokers by keeping collaterals. Increasing adoption of e-commerce in the pawn shop market has created an opportunity for market players to expand their businesses online to expand their consumer base.

For instance, a company named Pawntique is a pawnbroker/business that caters to bargain hunters looking to raise short-term capital through buying, selling, or pawning luxury jewelry, artwork collections, and other items through online channel.

• Stringent government regulations pertaining to the pawn industry