Global Metal Cards Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Global Metal Cards Market Industry (2024-2030):

According to the latest report, the Global Metal Cards Market size is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2024–30. The report demonstrates the prominent factors propelling the exponential growth of the Global Metal Cards Market.

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·        Historic Period: 2019-2022

·        Base year: 2023

·        Forecast Years: 2024-2030

·        CAGR (2024-30): 16%

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 What are the major Driver the Global Metal Cards Market industry?

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.

Global Metal Cards Market Segmentation

The Global Metal Cards Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• 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

As per the regional aspect, the Global Metal Cards Market is expected to be dominated by the North America by capturing the potential market share. 

Explore further details about this research report- https://www.marknteladvisors.com/research-library/metal-cards-market.html

Top Companies in the Global Metal Cards Market

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.)

Global Metal Cards Industry Recent Development:

• 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.

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