PUBLISHER: Azoth Analytics | PRODUCT CODE: 1390397
PUBLISHER: Azoth Analytics | PRODUCT CODE: 1390397
Azoth Analytics has released a research report titled "Global Premium Metal Payment Card Market (2023 Edition)" which provides a complete analysis of the Global Premium Metal Payment Card industry in terms of market segmentation By Card Type (Full Metal Card, Hybrid Metal Card, Veneer Metal Card and Other Metal Card Types), By Application (Credit Cards and Debit Cards), By Service Provider (Visa, Mastercard and Other Service Provider) for the historical period of 2019-2022, the estimates of 2023 and the forecast period of 2024-2029.
The Global Premium Metal Payment Card market was valued at USD 526.74 Million in 2022. Premium metal cards are often made of materials like stainless steel or titanium, giving them a luxurious and high-quality feel. Possessing such a card can be seen as a status symbol, providing a sense of exclusivity and prestige to cardholders. Moreover, the physical construction of metal cards contributes to their durability. Many users appreciate the sturdiness and longevity of metal cards compared to traditional plastic cards.
The Global Premium Metal Payment Card Market is expected to grow in the forecast period and register a market value of USD 1391.1 Million in 2029 at a CAGR of 14.9% during the forecast period. Premium metal cards often come with higher annual fees and may have additional revenue streams through interest charges and transaction fees. The shift towards these cards can contribute to increased revenue and improved profitability for financial institutions.
Moreover, Millennials and Gen Z are often considered tech-savvy generations. Their preference for digital experiences and cutting-edge technology can influence the design and features of premium metal cards, pushing for innovations such as contactless payments, mobile app integration, and enhanced digital services. Millennials and Gen Z often prioritize experiences over material possessions. Premium metal payment cards that offer travel rewards, exclusive event access, or unique lifestyle benefits align with the preferences of these generations, emphasizing experiences over traditional ownership.
Additionally, economic growth directly influences consumer spending habits. In times of economic expansion, consumers are more willing to spend on premium products and services, including premium metal payment cards. The adoption of new payment technologies, such as contactless payments and mobile wallets, heavily influences the attractiveness of physical payment cards, including premium metal ones.
Metal cards are often associated with a sleek and modern design, contributing to their aesthetic appeal. Millennials, known for valuing unique and stylish products, perceive metal cards as a status symbol and a way to express their individuality. Representing an essential demographic, 24% of millennials in the United States view their credit cards as a status symbol, according to a survey from Lend EDU. Any business needs to have a product that captures millennials' attention because it is one of the largest segments of the population. An Oracle study predicts that millennials have a spending power of more than USD 3.3 trillion. Millennials are active on social media, and the trend of sharing lifestyle choices extends to sharing images of unique and premium possessions, including metal cards. This social influence can further amplify the popularity of metal cards among their peers. Metal cards often incorporate advanced technologies such as contactless payments and biometric authentication. Millennials, who are generally tech-savvy, appreciate the integration of innovative features, that align with their preferences for cutting-edge financial products.
Moreover, many metal cards offer travel perks, concierge services, and lifestyle benefits. Millennials, known for their desire to experience life and explore the world, are attracted to cards that align with their travel and lifestyle aspirations. Millennials often prioritize experiences over ownership of physical possessions.
List of Tables
Table A1: Global Impact of Macro Economic Factors, By Region
Table A2: United States Premium Metal Payment Card Market, By Type, By Value, 2019-2022 (USD Million)
Table A3: United States Premium Metal Payment Card Market, By Type, By Value, 2023-2029 (USD Million)
Table A4: United States Premium Metal Payment Card Market, By Application, By Value, 2019-2022 (USD Million)
Table A5: United States Premium Metal Payment Card Market, By Application, By Value, 2023-2029 (USD Million)
Table A6: United States Premium Metal Payment Card Market, By Service Provider, By Value, 2019-2022 (USD Million)
Table A7: United States Premium Metal Payment Card Market, By Service Provider, By Value, 2023-2029 (USD Million)
Table A8: Canada Premium Metal Payment Card Market, By Type, By Value, 2019-2022 (USD Million)
Table A9: Canada Premium Metal Payment Card Market, By Type, By Value, 2023-2029 (USD Million)
Table A10: Canada Premium Metal Payment Card Market, By Application, By Value, 2019-2022 (USD Million)
Table A11: Canada Premium Metal Payment Card Market, By Application, By Value, 2023-2029 (USD Million)
Table A12: Canada Premium Metal Payment Card Market, By Service Provider, By Value, 2019-2022 (USD Million)
Table A13: Canada Premium Metal Payment Card Market, By Service Provider, By Value, 2023-2029 (USD Million)
Table A14: Brazil Premium Metal Payment Card Market, By Type, By Value, 2019-2022 (USD Million)
Table A15: Brazil Premium Metal Payment Card Market, By Type, By Value, 2023-2029 (USD Million)
Table A16: Brazil Premium Metal Payment Card Market, By Application, By Value, 2019-2022 (USD Million)
Table A17: Brazil Premium Metal Payment Card Market, By Application, By Value, 2023-2029 (USD Million)
Table A18: Brazil Premium Metal Payment Card Market, By Service Provider, By Value, 2019-2022 (USD Million)
Table A19: Brazil Premium Metal Payment Card Market, By Service Provider, By Value, 2023-2029 (USD Million)
Table A20: Rest of Americas Premium Metal Payment Card Market, By Type, By Value, 2019-2022 (USD Million)
Table A21: Rest of Americas Premium Metal Payment Card Market, By Type, By Value, 2023-2029 (USD Million)
Table A22: Rest of Americas Premium Metal Payment Card Market, By Application, By Value, 2019-2022 (USD Million)
Table A23: Rest of Americas Premium Metal Payment Card Market, By Application, By Value, 2023-2029 (USD Million)
Table A24: Rest of Americas Premium Metal Payment Card Market, By Service Provider, By Value, 2019-2022 (USD Million)
Table A25: Rest of Americas Premium Metal Payment Card Market, By Service Provider, By Value, 2023-2029 (USD Million)
Table A26: Germany Premium Metal Payment Card Market, By Type, By Value, 2019-2022 (USD Million)
Table A27: Germany Premium Metal Payment Card Market, By Type, By Value, 2023-2029 (USD Million)
Table A28: Germany Premium Metal Payment Card Market, By Application, By Value, 2019-2022 (USD Million)
Table A29: Germany Premium Metal Payment Card Market, By Application, By Value, 2023-2029 (USD Million)
Table A30: Germany Premium Metal Payment Card Market, By Service Provider, By Value, 2019-2022 (USD Million)
Table A31: Germany Premium Metal Payment Card Market, By Service Provider, By Value, 2023-2029 (USD Million)
Table A32: United Kingdom Premium Metal Payment Card Market, By Type, By Value, 2019-2022 (USD Million)
Table A33: United Kingdom Premium Metal Payment Card Market, By Type, By Value, 2023-2029 (USD Million)
Table A34: United Kingdom Premium Metal Payment Card Market, By Application, By Value, 2019-2022 (USD Million)
Table A35: United Kingdom Premium Metal Payment Card Market, By Application, By Value, 2023-2029 (USD Million)
Table A36: United Kingdom Premium Metal Payment Card Market, By Service Provider, By Value, 2019-2022 (USD Million)
Table A37: United Kingdom Premium Metal Payment Card Market, By Service Provider, By Value, 2023-2029 (USD Million)
Table A38: France Premium Metal Payment Card Market, By Type, By Value, 2019-2022 (USD Million)
Table A39: France Premium Metal Payment Card Market, By Type, By Value, 2023-2029 (USD Million)
Table A40: France Premium Metal Payment Card Market, By Application, By Value, 2019-2022 (USD Million)
Table A41: France Premium Metal Payment Card Market, By Application, By Value, 2023-2029 (USD Million)
Table A42: France Premium Metal Payment Card Market, By Service Provider, By Value, 2019-2022 (USD Million)
Table A43: France Premium Metal Payment Card Market, By Service Provider, By Value, 2023-2029 (USD Million)
Table A44: Italy Premium Metal Payment Card Market, By Type, By Value, 2019-2022 (USD Million)
Table A45: Italy Premium Metal Payment Card Market, By Type, By Value, 2023-2029 (USD Million)
Table A46: Italy Premium Metal Payment Card Market, By Application, By Value, 2019-2022 (USD Million)
Table A47: Italy Premium Metal Payment Card Market, By Application, By Value, 2023-2029 (USD Million)
Table A48: Italy Premium Metal Payment Card Market, By Service Provider, By Value, 2019-2022 (USD Million)
Table A49: Italy Premium Metal Payment Card Market, By Service Provider, By Value, 2023-2029 (USD Million)
Table A50: Rest of Europe Premium Metal Payment Card Market, By Type, By Value, 2019-2022 (USD Million)
Table A51: Rest of Europe Premium Metal Payment Card Market, By Type, By Value, 2023-2029 (USD Million)
Table A52: Rest of Europe Premium Metal Payment Card Market, By Application, By Value, 2019-2022 (USD Million)
Table A53: Rest of Europe Premium Metal Payment Card Market, By Application, By Value, 2023-2029 (USD Million)
Table A54: Rest of Europe Premium Metal Payment Card Market, By Service Provider, By Value, 2019-2022 (USD Million)
Table A55: Rest of Europe Premium Metal Payment Card Market, By Service Provider, By Value, 2023-2029 (USD Million)
Table A56: China Premium Metal Payment Card Market, By Type, By Value, 2019-2022 (USD Million)
Table A57: China Premium Metal Payment Card Market, By Type, By Value, 2023-2029 (USD Million)
Table A58: China Premium Metal Payment Card Market, By Application, By Value, 2019-2022 (USD Million)
Table A59: China Premium Metal Payment Card Market, By Application, By Value, 2023-2029 (USD Million)
Table A60: China Premium Metal Payment Card Market, By Service Provider, By Value, 2019-2022 (USD Million)
Table A61: China Premium Metal Payment Card Market, By Service Provider, By Value, 2023-2029 (USD Million)
Table A62: Japan Premium Metal Payment Card Market, By Type, By Value, 2019-2022 (USD Million)
Table A63: Japan Premium Metal Payment Card Market, By Type, By Value, 2023-2029 (USD Million)
Table A64: Japan Premium Metal Payment Card Market, By Application, By Value, 2019-2022 (USD Million)
Table A65: Japan Premium Metal Payment Card Market, By Application, By Value, 2023-2029 (USD Million)
Table A66: Japan Premium Metal Payment Card Market, By Service Provider, By Value, 2019-2022 (USD Million)
Table A67: Japan Premium Metal Payment Card Market, By Service Provider, By Value, 2023-2029 (USD Million)
Table A68: India Premium Metal Payment Card Market, By Type, By Value, 2019-2022 (USD Million)
Table A69: India Premium Metal Payment Card Market, By Type, By Value, 2023-2029 (USD Million)
Table A70: India Premium Metal Payment Card Market, By Application, By Value, 2019-2022 (USD Million)
Table A71: India Premium Metal Payment Card Market, By Application, By Value, 2023-2029 (USD Million)
Table A72: India Premium Metal Payment Card Market, By Service Provider, By Value, 2019-2022 (USD Million)
Table A73: India Premium Metal Payment Card Market, By Service Provider, By Value, 2023-2029 (USD Million)
Table A74: Rest of Asia Pacific Premium Metal Payment Card Market, By Type, By Value, 2019-2022 (USD Million)
Table A75: Rest of Asia Pacific Premium Metal Payment Card Market, By Type, By Value, 2023-2029 (USD Million)
Table A76: Rest of Asia Pacific Premium Metal Payment Card Market, By Application, By Value, 2019-2022 (USD Million)
Table A77: Rest of Asia Pacific Premium Metal Payment Card Market, By Application, By Value, 2023-2029 (USD Million)
Table A78: Rest of Asia Pacific Premium Metal Payment Card Market, By Service Provider, By Value, 2019-2022 (USD Million)
Table A79: Rest of Asia Pacific Premium Metal Payment Card Market, By Service Provider, By Value, 2023-2029 (USD Million)
Table A80: CompoSecure Key Company Financials, 2020-2022
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Table A82: Thales Key Company Financials, 2020-2022
Table A83: CPI Card Key Company Financials, 2020-2022
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Table A85: Goldpac Key Company Financials, 2020-2022