Micro-mobility Device Testing and Certification Services Market Size (2024 –2030)

The Global Micro-Mobility Device Testing and Certification Services Market is estimated to be worth USD 490.13 Million in 2023 and is projected to reach a value of USD 1,218.93 Million by 2030, growing at a CAGR of 13.9% during the forecast period 2024-2030

Electric bikes and scooters are examples of micro-mobility devices that are growing in popularity. New safety regulations are being developed as they expand to ensure the security of their electrical systems and batteries. Services for certification and testing are provided to ensure that these gadgets adhere to safety regulations. These standards address things like the functionality of the electrical and battery systems, the robustness of the devices, and whether or not they are safe to use in various environments. By adhering to these guidelines, mishaps such as fires or shocks caused by malfunctioning devices can be avoided.

Key Market Insights:

Electric scooter testing and certification services account for around 45% of the micro-mobility device testing market share, driven by the rapid growth of shared electric scooter services and the need to ensure safety and regulatory compliance.

The North American region constitutes approximately 30% of the global demand for micro-mobility device testing and certification services.

In terms of testing types, performance, and durability testing account for around 30% of the micro-mobility device testing market, as these assessments are crucial for ensuring the reliability and longevity of these devices under various operating conditions.

The demand for cybersecurity and data privacy testing services for micro-mobility devices is growing at a rate of approximately 18% annually, driven by the increasing connectivity and data exchange features in these devices, raising concerns about potential vulnerabilities and data breaches.

Global Micro-mobility Device Testing and Certification Services Market Drivers:

The market for micro-mobility device testing and certification services is expanding due to the rising acceptance of these devices as useful and eco-friendly substitutes.

Micro-mobility devices are compact, light vehicles that run on electricity or human power and can travel at less than 25 km/h. They consist of hoverboards, bikes, and electric scooters. For a variety of reasons, people choose these over automobiles, buses, and trains. They can be rented or bought, and they're simple to use, store, and get to. They are useful for beginning and ending longer journeys, as well as for quick trips. By using them, you can reduce traffic, parking issues, and public transportation delays. In addition, their overall costs are frequently lower than those of traditional transportation, both at the beginning and during use. They also use less energy and emit fewer greenhouse gases into the atmosphere, creating little to no waste, noise, or pollution.

The market for micromobility device testing and certification services is being driven by the growing need for micro-mobility device safety and quality assurance.

Micro-mobility devices frequently use lithium-ion batteries to avoid mishaps like fires, explosions, or shocks brought on by their batteries. Despite being well-liked for their high energy and lengthy lifespan, these batteries can be dangerous. If they get damaged, charged incorrectly, or exposed to harsh environments, they may overheat, short circuit, or even catch fire. Lithium-ion batteries are susceptible to variations in voltage, temperature, and charging method. If they are harmed or mishandled, they may also turn dangerous. An issue known as thermal runaway can occasionally arise, causing the battery to heat up suddenly and uncontrollably and possibly causing explosions or fires. These mishaps may injure individuals, destroy property, or have a negative impact on the environment.

Micro-mobility Device Testing and Certification Services Market Challenges and Restraints:

Effective technology and operations are essential to the proper functioning of micro-mobility systems. Effective communication systems are essential for tasks like managing parking, making payments, scanning barcodes, and navigating. It would not be feasible to offer micro-mobility services without improved connections. Basic technologies such as networking infrastructure and telecommunications are lacking in regions such as Asia, Oceania, the Middle East, Africa, and Latin America. This indicates that their lack of resources and education makes it difficult for them to begin intelligent projects. While the US, Germany, South Korea, and other developed nations are transitioning to 5G technology, many developing countries are still using 4G technology only partially. The governments of these nations recognize the value of micro-mobility, but they frequently lack the resources to adequately support it in the beginning, which stunts the sector's expansion. The growth of micro-mobility in developing countries may be impeded by inadequate networking and telecommunications infrastructure.

Micro-mobility Device Testing and Certification Services Market Opportunities:

There are a lot of growth prospects in the micro-mobility device testing and certification services market. With the growing popularity of electric bikes and scooters, it is imperative to ensure their safety and adherence to regulations. The need for testing and certification services is being driven by laws that governments are passing dictating how these devices should operate. With new technology being released on a regular basis, businesses have an opportunity to improve the methods by which they test new products to ensure that they meet quality standards. Testing companies can grow their services internationally as micro-mobility services start to spread to new locations. Collaboration between regulators and device manufacturers offers the potential to create more effective testing protocols and standards

MICRO-MOBILITY DEVICE TESTING AND CERTIFICATION SERVICES MARKET REPORT COVERAGE:

Global Micro-mobility Device Testing and Certification Services Market Segmentation: By Service

• Testing

• Inspection

• Certification

Testing services play a critical role in ensuring the safety of micro-mobility devices such as electric bikes and scooters. To avoid issues like fires or shocks, these services inspect items like batteries and motors. Additionally, they ensure that these gadgets adhere to local laws and regulations. It is anticipated that certification services will expand rapidly in the future. These services help manufacturers, distributors, and retailers of micromobility devices look good to regulators and consumers. They also assist in identifying and resolving issues with the equipment to prolong their functionality. By satisfying the unique regulations and requirements of those markets and customers, certification services can also assist businesses in selling their goods internationally.

Global Micro-mobility Device Testing and Certification Services Market Segmentation: By Sourcing Type

• In-house

• Outsourced

Testing and certification are examples of outsourcing services that have the biggest market share. This is due to the fact that businesses that manufacture or run micro-mobility devices can save time and money by working with outside contractors rather than constructing their own testing facilities and employing personnel. Additionally, it enables them to satisfy the unique requirements of various global locations and clientele. In-house services are anticipated to expand gradually in the future. For reasons like quality control or data security, some businesses may opt to handle their own testing and certification. Outsourcing can save costs and provide access to resources and expertise that doing it internally might not.

Global Micro-mobility Device Testing and Certification Services Market Segmentation: By Battery-Type

• lithium-ion

• lead-acid

• nickel-metal hydride

• other types

Because lithium-ion batteries perform better, are safer, and have higher quality than other batteries, this industry has a monopoly on market share. Lithium-ion batteries provide better power, longer travel distances, faster charging, and lighter weight for micro-mobility devices. In order to guarantee device safety, they also adhere to safety standards like UL 2271, EN 50604-1, and IEC 62133-2. Solid-state batteries are anticipated to grow at the fastest rate in the future. They're a new technology that solves some of the issues with lithium-ion batteries, such as the potential for fires and overheating. Leaks and fires are less likely with solid-state batteries since they use solid electrolytes rather than liquids or gels. For micro-mobility devices, also provide a longer lifespan, increased energy density, and enhanced safety.

Global Micro-mobility Device Testing and Certification Services Market Segmentation: By Voltage range

• 24V

• 36V

• 48V

• other ranges

Because micromobility devices running at 48 volts provide more power, faster acceleration, and a better ability to climb hills than devices with lower voltages, the 48-volt sector has the largest market share. Along with enhancing thermal control and safety, they also aid in reducing the size, weight, and complexity of the battery pack and wiring. These gadgets can be used for e-scooters, e-bikes, and e-skateboards, among other things. The category labeled "other ranges" is anticipated to grow at the fastest rate going forward. This includes gadgets that can produce even more power, speed, and torque and have higher voltage ranges, such as 60V, 72V, or higher. Higher voltage levels do, however, present some difficulties, including more expensive batteries, safety worries, and compatibility problems. As a result, they are mostly utilized for high-end or specialized micro-mobility devices like high-performance e-bikes or electric motorbikes.

Global Micro-mobility Device Testing and Certification Services Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East and Africa

Because of its developed and well-established testing, inspection, and certification (TIC) industry, North America has the largest market share. This sector complies with various regulations and standards while providing a range of services for micro-mobility devices. Due to their ability to offer convenient and environmentally friendly transportation options, micro-mobility devices are also in high demand in North America, particularly in urban areas.  The Asia-Pacific area is anticipated to grow at the fastest rate going forward. This is a result of the area's growing population, urbanization, traffic jams, and environmental worries. There is a great deal of potential in Asia-Pacific for TIC services to be outsourced to outside vendors who possess the knowledge, assets, and accreditations necessary to deliver these services effectively.

COVID-19 Impact on the Global Micro-mobility Device Testing and Certification Services Market:

Businesses in the micro-mobility sector are being severely impacted by the worldwide lockdown. A company that distributes e-scooters and e-bikes globally saw a 79% decline in value. An additional supplier had to terminate operations in multiple US locations and throughout Europe, resulting in a 30% decrease in personnel. A third company provided streamlined e-scooter services to German healthcare workers while reducing the working hours of sixty percent of its workforce. The industry's consolidation is happening more quickly as a result of this shutdown. For example, a major ride-hailing company's e-bike and e-scooter business was recently acquired by a micro-mobility startup.

Latest Trend/Development:

Numerous trends are influencing the Micro-mobility Device Testing and Certification Services sector. First, in order to improve the accuracy and efficiency of testing, there is a shift toward the use of cutting-edge technologies like artificial intelligence (AI) and Internet of Things (IoT) sensors. As adherence to rules and safety becomes more crucial, extensive testing is being done to make sure devices are safe and up to code. The scope of certification services is broadening to include more devices, and as micro-mobility spreads throughout the world, so does the demand for testing and certification in new markets. Businesses are starting to take sustainability into account more and more when it comes to their testing procedures. To create better standards, testing companies, manufacturers, and regulators are working together more and more.

Key Players:

1. AmSpec LLC

2. Applus+

3. Core Laboratories

4. DEKRA

5. Eurofins Scientific

6. KIWA Group

7. Apave International

8. Bureau Veritas

9. DNV GL

10. Intertek Group plc

Market News:

• The European Union enacted a new law outlining the technical specifications for e-scooters and e-bikes in April 2023. The purpose of this law is to guarantee these devices' quality and safety throughout the EU.

• Legislation requiring third-party certification in accordance with UL standards for e-bikes, e-scooters, e-mobility devices, and battery packs for light electric vehicles was passed by the New York City Council in March 2023. A testing laboratory that has been accredited must perform this certification. The goal of this action is to improve these devices' dependability and safety within the city.