Philippines Pawnshop Market Outlook to 2020 Research Report- Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now Future growth of Philippines Pawnshop Market is expected to be led by a surge in the working sector of the country due to requirements of short term cash by salaried class and middle class families. This will also be bolstered by the continued zeal of domestic Filipinos to send money to their families especially at the times of festivals. The expansion strategies of several pawnshops such as Cebuana Lhuillier, M Lhuillier, Palawan Pawnshop and others, are likely to result in opening up of more locations offering cash remittance services and spreading up their network of pawning. Ken Research announced its latest publication on “Philippines Pawnshop Market Outlook to 2020” which provides a comprehensive analysis of the Pawnshops Industry in Philippines. The report covers various aspects such as market size of Pawnshop industry on basis of loan disbursed, volume of remittance transactions and number of pawnshops, segmentation on the basis of new and renewed transactions, repayment period, services provided, pawned items and by income source and detailed competitive landscape of major pawnshop players in pawning and money transfer segments. The report is useful for industry consultants and analysts, pawnshop managers and owners and new players venturing in the market. The poor functioning of the banks in Philippines have provided a higher popularity to other informal sources of credit such as pawnshops. Pawnshops these days have been growing at a remarkable pace in terms of their reach and the credit provided to the people. The major catalyst for the growth of pawnshops have been the minimal transaction costs on the part of borrower, easy and quick availability of loan and higher accessibility of pawnshops even under the remote areas of the country. The loan disbursed in 2015 augmented to PHP ~ billion. The increase in local migration over the years has been favorable to the growth of domestic money transfers. The total market for domestic remittances was valued at PHP ~ billion in 2015 out of which PHP ~ billion was catered by the pawnshops which witnessed expansion from PHP ~ billion in the year 2010. According to the research report, the growth would be lower in terms of the loan disbursed through the pawnshops since banks in the Philippines are also looking forward to expand their reach to the far off places. The pawning market in the Philippines is projected to witness loan disbursed amount to grow at a CAGR of 15.9% during 2016-2020. The emergence of online pawning will also give a boost to the pawnshops market revenues from interest rates in pawning process. This is also expected to strengthen the competition in the pawnshops. The online pawnshop- PawnHero has partnered with 2GO and provides pick and drop facilities and other services through these 2GO locations as well, also the increasing smartphone and internet penetration has also heated up the scenario. Since every smartphone or internet connection can now be used as a pawnshop outlet in the country, widening the reach of the online pawnshop in the country. The domestic remittance transactions through pawnshops in the Philippines are expected to grow at a CAGR of 7.6% from 2015 to 2020. However, owing to stiff competition resulting from price wars amongst several players, the market is likely to showcase a nominal growth in terms of revenues, as the average transaction charges are expected to decline in the coming years. “The advent of online pawning with lower interest rates, longer lending time and greater ease of transactions will completely change the dynamic of pawnshop market in Philippines.” according to the Research Analyst, Ken Research. Key Topics Covered in the Report: Philippines Pawnshop Market Market Size by Loan Disbursed, Volume of Remittance Transactions and Number of Pawnshops Market Segmentation by Services Provided- Pawning only or Auxiliary along with Pawning Re payment Period Pawned Items New or Renewed Transactions Head offices or Branches Income Source Trends and Development Growth Drivers Value Chain Analysis in Pawning and Money Transfer Spaces Porter’s Model for Philippines Pawnshop Market SWOT Analysis Government Regulations Competition and Market Share in Pawning and Money Transfer Spaces Company Profiles of Major Players in the Market in Pawning and Money Transfer Spaces Snapshot of Online Pawnshop Market Snapshot of Bill Payments via Pawnshops Snapshot of Insurance via Pawnshops Future Outlook Cause and Effect Relationship between Industry Factors and Growth of Industry Analyst Recommendations Macro Economic Parameters Key Products Mentioned in the Report Pawning Money Transfer Bill payments and e-load Insurance Companies Covered in the Report Cebuana Lhuillier M Lhuillier Palawan Pawnshop RD Pawnshop For More Information on the Research Report, refer to below links: – Philippines Pawnshop Market Related Reports by Ken Research Philippines Domestic and International Money Transfer Industry Outlook to 2019 – Driven by Mobile Money and Increase in OFWs Malaysia Remittance Industry Outlook to 2019 – Driven By Increasing International and Domestic Migration The US International, Domestic Money Remittance and Bill Payments Market Outlook to 2018 – Tie-ups and Mobile Remittances to Foster Future Growth Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Post Views: 13 Tags: Bill Payments Pawnshop Philippines, Company profiles Pawnshop, Filipino Insurance Pawnshops, Government Regulations Pawnshop, Growth Drivers Pawning Pawnshop, Industry Growth Pawnshop, Major Flow Corridors Philippines Remittance Pawnshop, Major Pawnshop in Philippines, Market Share Philippines Pawnshop, Micro Insurance Pawnshop, Online Pawnshop Market, Pawned Items Philippines, Pawner Philippines, Pawning Business Philippines, Pawnshop Head Offices Branches, Pawnshop Loan Disbursed Philippines, Pawnshop Philippines, Philippines Pawnshop Industry Growth, Philippines Pawnshop market, Philippines Pawnshop Sector, Replacement Period Pawning, Services Pawnshop, Transaction Volume Remittance Transactions