Exploring Metal Cards Market Opportunity, Latest Trends, Demand, and Development By 2030
MarkNtel Advisors recently published a detailed industry analysis of the Metal Cards Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Metal Cards Market (2024-2030)
The Global Metal Cards Market size is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2024–30.
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What is driving the Metal Cards Market?
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.
What segments define the Metal Cards Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Type
(Banking Cards, [Credit, Debit], Health Insurance Cards, Travel Cards, Loyalty & Rewards Cards),
By Material
(Stainless Steel, Titanium, Brass,Copper, Gold, Silver, Others (Aluminum, Platinum, etc.)),
By Technology
(EMV Chip, Near Field Communication (NFC), Magnetic Stripe, Others (Biometric Authentication, RFID)),
By End User,
(Banking, Financial Services and Insurance (BFSI), Retail & E-Commerce, Travel and Hospitality Companies)
By Region
North America, South America, Europe, Middle East & Africa, Asia-Pacific
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Who are the leading key players shaping the Metal Cards Market landscape?
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.)
Questions Addressed in this Study
1.What factors are driving the Metal Cards Market growth?
2.How is the Metal Cards Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Metal Cards Market?
4.What is the current size of the Metal Cards Market, and how is it projected to change in the future?
6.What is the future outlook for the Metal Cards Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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