The rapid development of materials science now enables tailoring of metal and metal oxide particles with tunable size and shape at the nanometre level. As a result, nanocatalysis is undergoing an explosive growth, and it has been seen that the size and shape of a catalyst particle tremendously affects the reaction performance. The size effect of metal nanoparticles has been interpreted in terms of the variation in geometric and electronic properties that governs the adsorption and activation of the reactants as well as the desorption of the products. At the same time, it has been verified that the morphology of a catalyst particle, determined by the exposed crystal planes, also considerably affects the catalytic behavior. This is termed as morphology-dependent nanocatalysis: a catalyst particle with an anisotropic shape alters the reaction performance by selectively exposing specific crystal facets. This perspective article initially surveys the recent progress on morphology-dependent nanocatalysis of precious metal particles to emphasise the chemical nature of the morphology effect. Then, the fabrication of transition metal particles with controllable size/morphology is examined, and their shape is correlated with their catalytic properties, with the aim to clarify the structure-reactivity relationship. Finally, the future outlook presents our personal perspectives on the concept of morphology-dependent nanocatalysis of metal particles, which is a rapidly growing topic in heterogeneous catalysis.