Pawn Shops Market - Statistics & Insights

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Pawn Shops overview

The global pawn shop market is experiencing steady growth, driven by increasing demand for short-term secured loans and the buying and selling of second-hand goods. Valued at approximately USD 39.94 billion in 2024, the market is projected to reach USD 50.67 billion by 2031, growing at a CAGR of 3.02% . This growth is fueled by factors such as limited access to traditional banking services, the need for quick cash solutions, and the popularity of gold and jewelry pawns.

Published by MMR Statistics Research Team, Updated
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