Metal Credit Cards Market Size, Share, Growth, and Industry Analysis by Type (Full Metal Card, Hybrid Metal Card and Veneer Metal Card) By Application (Standard Cards and Custom Cards) Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights and Forecast From 2025 To 2033

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METAL CREDIT CARDS MARKET OVERVIEW

The global metal credit cards market size was approximately USD 2.9 billion in 2024 and is projected to grow to USD 21.03 billion by 2033, at a CAGR of 24.4% during the forecast period.

Metal credit cards are ones that are constructed of metal. The production process is more difficult, it weighs more than a typical plastic metal card, and it typically has greater additional value. Customized metal credit cards are frequently offered to customers.

COVID-19 Impact: Lockdowns and Restrictions Led to Lower Demand in the Market

The global COVID-19 pandemic has been unprecedented and staggering, with metal credit cards experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the credit cards market growth and demand returning to pre-pandemic levels once the pandemic is over.

Globally, the COVID-19 pandemic has had a significant impact on practically every industry. The majority of nations implemented lockdowns along with a few tough laws and regulations to stop the virus's spread. The supply chain for electronic components and networking equipment has been interrupted as a result of the lockdown and limitations on the movement of non-essential products and resources in various nations. Equipment manufacture is delayed as a result of this. Due to increased ICT expenditure in key economies, the server storage area network industry has slowed significantly in the first half of 2020. Increased spending on digital infrastructure might stimulate market expansion.  

LATEST TRENDS

Better Alternatives to Plastic Cards will Boost the Demands

On the theory of latent customer demand, several enterprises have been developed. A well-known example of such a firm is Netflix, which started out as a corporation to serve a need that customers had not yet recognized. The same is true with metal credit cards. Customers are unlikely to want to go back to plastic once they learn about the product and have firsthand experience with its distinctiveness. Data unambiguously demonstrates that consumers view metal credit cards as a premium, more dependable product. Given the general lack of knowledge and intrinsic "cool" aspect in the product, metal credit cards currently have an advantage over plastic ones as first movers.

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METAL CREDIT CARDS MARKET SEGMENTATION

• By Type Analysis

By type, market is segmented into full metal card, hybrid metal card and veneer metal card. The full metal card segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into standard cards and custom cards. The standard cards segment will lead the global share through 2028.

DRIVING FACTORS

Attractiveness of the Metal Credit Card will Accelerate the Market Demand

More than 3 billion individuals, or more than 40% of the world's population, are forecast to enjoy an increasing degree of disposable income, which will likely lead to a continuous increase in demand for premium goods like metal credit cards. With the middle class and newly wealthy consumers making up more than one-third of the global economy, this enormous expansion in consumer spending power will change the economy and propel social revolution. The World Bank predicts that, provided favorable financing circumstances persist, global growth will rise.

Affluent, mass affluent, and millennials are an institution's top three target demographics. The attractiveness of metal cards is strong, particularly in areas where there is a demand gap. The financial institution will probably gain new clients as a result of taking the initiative and investing in a metal credit card program. This will also improve brand marketing and increase the reputation of the institution as being on the cutting edge of innovation and customer service.

Premiumization Trend to Expand the Metal Credit Card Market

With the goal of differentiating credit card offerings for consumers, this premiumization trend has now expanded to include metal credit cards. Financial institutions started giving metal credit cards and metal hybrid credit cards after seeing the market for prestige goods and the possibility of growing its affluent customers. To attract the most exclusive customers, several issuers provide a chic metal card. According to Bloomberg, metal credit cards have become more popular as a result of supply and demand issues. Since the program's inception in the US, other issuers have expanded it to other countries, where it is currently demonstrating significant development potential.

RESTRAINING FACTORS

Rise of E-wallets and Risk of Theft to Affect Growth

Online payments are safe and secure thanks to strict security measures like symmetric encryption and improved cloud security, among others, but they are still susceptible to hackers. For instance, fraudsters conduct phishing attempts to obtain login information from unwary users' e-wallets and access victims' personal and financial data. Online payment procedures might be impacted if authentication was not performed. With advanced identity authentication measures like biometrics and face recognition, anyone can use another person's cards and e-wallets without being detected and escape punishment. With these security concerns, any citizen may be reluctant to use e-payment systems.

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METAL CREDIT CARDS MARKET REGIONAL INSIGHTS

North America to Dominate Owing to Established Players Present in the Region

North America was the region that dominated the credit card payments market in 2020, and it is anticipated that it will continue to do so throughout the forecast period. This is attributable to a number of causes, including the region's economy's quick adoption of credit cards. Additionally, Americans rely heavily on credit cards since in 2020, nearly 47% of American adults, or around 120 million people, will have credit card debt, which will spur industry expansion.

However, Europe is anticipated to experience significant growth over the course of the forecast period as a result of rising loyalty programmes, credit card reward points offered by businesses to increase their market share, and a growing trend among young people in developed countries like the UK, Germany, and other to use credit cards. Additionally, because individuals in this region prefer to pay with cash, many credit card companies are offering various promotions to boost their market share and income potential, which is creating profitable chances for the local market.  

KEY INDUSTRY PLAYERS

Key Players Focus on Partnerships to Gain a Competitive Advantage

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List Of Top Metal Credit Cards Companies

• Composecure (U.S.)
• CPI Card Group (U.S.)
• Gemalto (Netherlands)
• X-Core (U.S.)
• G&D (Germany)
• Goldpac (China)
• Valid (Brazil)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.