The pawn shop capital of America is Texas, with 1,731 pawn shop businesses. The pawn industry market size, measured by revenue, is $2.9 billion in 2022. The pawn shop industry is fragmented with approximately 88% of the 9,000 to 10,000 pawn shops having 10 or fewer employees. FirstCash and EZCorp represent consolidation in the industry.
The pawn shop market in Latin America is rapidly growing due to high poverty, inequality, large informal economy, unbanked individuals, and small businesses needing loans. We minimize lending risk by taking currency as collateral rather than poor foreign loans. This delays and raises risk.
What is the largest pawn shop chain in the US?
- Texas has the most pawn shops in the US with 1,731 businesses.
- The pawn industry market size is $2.9 billion in 2022 revenue.
- FirstCash and EZCorp are significant players in the consolidation of the industry.
What is the most famous pawn shop in the world?
- This question is not directly answered by the provided text. However, the text indicates that Texas has a significant number of pawn shops, implying a notable presence in the pawn shop industry.