Controlling the shape of noble metal nanoparticles is a challenging but important task in electrocatalysis. Apart from hollow and nanocage structures, concave noble metal nanoparticles are considered a new class of unconventional electrocatalysts that exhibit superior electrocatalytic properties as compared with those of conventional nanoparticles (including convex and flat ones). Herein, several facile and highly reproducible routes for synthesizing nanostructured concave noble metal materials reported in the literature are discussed, together with their advantages over noble metal nanoparticles with convex shapes. In addition, possible ways of optimizing the synthesis procedure and enhancing the electrocatalytic characteristics of concave metal nanoparticles are suggested. Nanostructured noble metals with concave features are found to show better catalytic activity and stability hence improve their practical applicability in electrocatalysis.