Global Metal Credit Cards Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Metal Credit Cards Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Metal credit cards work the same as their plastic counterparts but feature different materials that are heavier. Cards can be made of stainless steel, steel, aluminum, copper, titanium, gold or palladium. Some are designed with a mix of plastic and metal. Metal credit cards are very attractive to customers, and such cards are considered to be a status symbol for customers and represent a certain cachet.

Market Overview:

The latest research study on the global Metal Credit Cards market finds that the global Metal Credit Cards market reached a value of USD 454.27 million in 2022. It’s expected that the market will achieve USD 1289.83 million by 2028, exhibiting a CAGR of 19.0% during the forecast period.

Influence of COVID-19 Outbreak on Metal Credit Cards Industry Development

Affected by the global new crown epidemic, the raw material supply of metal credit cards is in short supply and prices have risen. First, in the early days of the epidemic, many factories stopped production. Many manufacturers are laying off workers amid uncertainty about when normal operations will resume. When production gradually resumes, job vacancies are hard to find, labor is in short supply, production costs rise, and prices rise. Second, the epidemic has affected logistics and transportation. Many countries impose controls on domestic traffic and the movement of people, and impose restrictions on imported goods. This has resulted in varying degrees of logistical disruption, cargo accumulation and shipping delays. A large number of goods are stranded in ports, container supply is in short supply, goods cannot be delivered, and rising logistics costs drive up raw material prices. In addition, the demand for chips in various industries around the world is increasing, and chip manufacturers are facing supply shortages. At the same time, the prices of metal commodities rose as a whole, which may have an adverse impact on the manufacturing business of metal credit cards.
First of all, due to the impact of the epidemic, it is difficult for the procurement and transportation of raw materials and equipment to be in place in a timely manner, and upstream enterprises affect the work progress of mid- and downstream enterprises. Secondly, the manufacturing enterprises in the metal card industry are affected to varying degrees, and the enterprises re-examine their investment strategies, especially the investment strategy for productive expansion. They will re-formulate production plans based on the current epidemic situation and market supply and demand; the epidemic will have an impact on the cash flow of small and medium-sized enterprises in the industry, which in turn will affect the operating conditions. At the same time, delays in production and delivery due to poor logistics may lead to loss of customers if the customer's delivery time requirements do not meet the contractual requirements.

Limitations

The proliferation of wireless or mobile payment systems may reduce the attractiveness of physical metal credit cards as a payment method, leading to reduced demand for these products. Such payment systems, such as WeChat Pay and Alipay in China, offer consumers an alternative method of making purchases without carrying a physical card, but simply pay via mobile networks or other technology products. If these wireless or mobile payment systems are widely adopted, this could lead to a reduction in the number of physical credit cards issued to consumers, challenging the metal credit card market.
The metal credit card industry is highly competitive. Due to the rapid development of metal credit cards, the participants include metal credit card manufacturers and traditional credit card manufacturers, as well as new entrants. Most traditional credit card manufacturers are large, diversified businesses with extensive financial, sales and marketing resources. Companies in the industry continue to develop technologies, processes or products that are more suitable for success in the market, and are committed to enhancing features and functionality at a lower cost to aggressively capture market share. With the expansion of technology maturity and market size, more new entrants will be attracted.
Metal credit card companies need to reliably and securely protect the sensitive, confidential information of their banking and other financial institution customers, which is critical to their business. Security breaches are becoming more common in many industries, cyber-attacks are becoming more complex, and incidents such as data theft, computer malware or ransomware, information leakage, etc. may occur in the metal credit card industry. Data and security breaches can adversely affect industry companies' systems and confidential information, cause reputational and financial damage, and increase litigation risk.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Composecure is one of the major players operating in the Metal Credit Cards market, holding a share of 53.13% in 2022.

Founded in 2000, CompoSecure is a pioneer and category leader in premium payment cards and an emergent provider of cryptocurrency and digital asset storage and security solutions. The company focuses on serving the affluent customers of payment card issuers worldwide using proprietary production methods that meet the highest standards of quality and security. The company offers secure, innovative, and durable proprietary products that implement leading-edge engineering capabilities and security. CompoSecure’s mission is to increase clients’ brand equity in the marketplace by offering products and solutions which differentiate the brands they represent, thus elevating cardholder experience.

With decades of experience as a trusted partner to financial institutions, CPI Card Group® is a leading provider in payment card production and related services, offering end-to-end credit, debit, and prepaid payment solutions delivered physically, digitally and on-demand. Covering a broad range of needs, their solutions include EMV chip, mag stripe, RFID, dual interface, metal, recovered ocean-bound and upcycled plastic cards, personalization, packaging, fulfillment, instant issuance, digital card solutions, and more.

Segmentation Overview:

Among different product types, Hybrid Metal Card segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Standard Cards segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Metal Credit Cards market covered in Chapter 3:

Fiserv
CPI Card Group
G&D
Composecure
Idemia
Valid
Thales
Goldpac

In Chapter 4 and Chapter 14.2, on the basis of types, the Metal Credit Cards market from 2018 to 2029 is primarily split into:

Full Metal Card
Hybrid Metal Card
Veneer Metal Card
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Metal Credit Cards market from 2018 to 2029 covers:

Standard Cards
Custom Cards

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)