The Global Metal Cards Market size is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2024–30.
Global Metal Cards Market Driver:
Increasing Issuance of Metal Cards by Financial Institutions – Over the past few years, governments across the globe, particularly in countries like India, the UAE, etc., have taken initiatives for digitalization. As a result, several industry verticals, such as banks, insurance companies, etc., have adopted digital solutions to streamline the administrative process. This digitalization encourages the adoption of contactless payment solutions such as digital credit cards & debit cards rather than conventional payment solutions such as cash. As a result, banks are increasingly issuing metal payment cards, driving the growth & development of the Global Metal Cards Market.
In addition, in recent years, consumer preferences have also changed. Individuals nowadays prefer flexibility & convenience. As a result, they prefer contactless payment solutions compared to traditional payment methods. Therefore, to cater to the demand of the young generation & millennials, the banks have started offering contactless payment metal cards. For instance,
- In 2023, the Indian Bank partnered with One Card, a metal credit card manufacturing company, to introduce mobile-first, contactless, metal co-branded credit cards.
This increasing adoption of metal cards in the BFSI sector is offering an opportunity for metal card manufacturers like ICK International Inc., CompoSecure, L.L.C., etc. to deliver their unique range of metal cards to banks. Therefore, it is estimated that these factors will drive the growth of the Global Metal Cards Market in the forthcoming years.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Metal Cards Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Type
- Banking Cards- Market Size & Forecast 2019-2030F, Thousand Units
- Credit- Market Size & Forecast 2019-2030F, Thousand Units
- Debit- Market Size & Forecast 2019-2030F, Thousand Units
- Health Insurance Cards- Market Size & Forecast 2019-2030F, Thousand Units
- Travel Cards- Market Size & Forecast 2019-2030F, Thousand Units
- Loyalty & Rewards Cards- Market Size & Forecast 2019-2030F, Thousand Units
- Banking Cards- Market Size & Forecast 2019-2030F, Thousand Units
- By Material
- Stainless Steel- Market Size & Forecast 2019-2030F, Thousand Units
- Titanium- Market Size & Forecast 2019-2030F, Thousand Units
- Brass- Market Size & Forecast 2019-2030F, Thousand Units
- Copper- Market Size & Forecast 2019-2030F, Thousand Units
- Gold- Market Size & Forecast 2019-2030F, Thousand Units
- Silver- Market Size & Forecast 2019-2030F, Thousand Units
- Others (Aluminum, Platinum, etc.) – Market Size & Forecast 2019-2030F, Thousand Units
- By Technology
- EMV Chip- Market Size & Forecast 2019-2030F, Thousand Units
- Near Field Communication (NFC)- Market Size & Forecast 2019-2030F, Thousand Units
- Magnetic Stripe- Market Size & Forecast 2019-2030F, Thousand Units
- Others (Biometric Authentication, RFID) – Market Size & Forecast 2019-2030F, Thousand Units
- By End User
- Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2019-2030F, Thousand Units
- Retail & E-Commerce- Market Size & Forecast 2019-2030F, Thousand Units
- Travel and Hospitality Companies- Market Size & Forecast 2019-2030F, Thousand Units
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – ICK International Inc., CompoSecure, L.L.C., Thales S.A., Idemia Group, CPI Card Group Inc., Goldpac Fintech, Biosmart, Giesecke+Devrient GmbH, Shanghai RSID Solutions Co. Ltd., Amatech Global, Carbon Coskins, Fiserv Inc., Switzer Mfg, Thames Technology (Paragon ID), Tag Systems UK Limited, and others (Federal Card Services LLC, Swipe Metal, etc.)
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