Metal Cards Market Poised for Robust Growth, forecasted to Expand at 16% CAGR from 2024-30
MarkNtel Advisors has released its latest report highlighting strong growth in The Global Metal Cards Market size is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2024–30.
Report Coverage
This report offers a comprehensive analysis of the Metal Cards Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2023
- Forecast Years: 2024-30
- Historical Years: 2019-22
Metal Cards Market Overview
The factors contributing to the growth in the global market comprise the increasing inclusion of metal cards by financial institutions and the rising adoption of near-field communication (NFC) metal cards by government agencies for transportation & employee identification. Over the past few years, internet connectivity & smartphone adoption across the globe, especially in the Asia-Pacific and Middle East, have significantly increased.
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Metal Cards Market Segmentation Outlook
The Metal Cards is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
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
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
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.
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Top Metal Cards Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies 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.) Others as key players shaping the market landscape.
Metal Cards Market News
- 2023: CompoSecure, L.L.C., the company, launched a new range of innovative metal cards, including LED cards, for financial institutions like banks across the globe. These cards light up with LEDs when a contactless transaction takes place.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2030?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
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