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

Micro-mobility devices, which are electric cars weighing less than 500 kilograms and operating at low speeds of 25 miles per hour (mph) or fewer, are fast increasing in popularity and diversity. To keep up with the introduction of new creative goods, new standards for evaluating the safety of battery, electrical, and charging systems are evolving. These new safety requirements will assist guarantee that energy is properly managed and used across thousands of cycles of micro-mobility device charges and discharges. Micro-mobility Device Testing and Certification Services serve to assure the safety and quality of micro-mobility devices including e-bikes, e-scooters, hoverboards, and other electric personal transporters. These services include micro-mobility device testing, inspection, and certification by various standards and laws in various areas and markets. These standards and regulations address a wide range of areas of micro-mobility device safety, including electrical systems, battery systems, mechanical systems, functional safety, electromagnetic compatibility, ambient conditions, and so on. They contribute to the reduction of the risk of fire, explosion, and electric shock caused by faulty or malfunctioning micro-mobility equipment.

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

The growing popularity of micro-mobility devices as functional and environmentally beneficial alternatives are ballooning the micro-mobility device testing and certification services market:

To traditional ways of transportation. Micro-mobility devices are small, lightweight vehicles that travel at speeds of less than 25 kilometers per hour and are often propelled by electricity or human exertion. Electric scooters, electric bikes, hoverboards, and other personal transports are among them. People may choose micro-mobility devices for automobiles, buses, or trains for a variety of reasons. Micro-mobility devices are simple to use, store, and access. They can be hired through public platforms or purchased privately. They may also be utilized for short-distance travel as well as as a first and last-mile solution for longer excursions. They can assist in avoiding traffic bottlenecks, parking issues, and public transportation delays. Micro-mobility devices are frequently less expensive than standard forms of transportation. They have cheaper initial and ongoing expenditures, as well as lower gasoline and insurance costs. They can also assist in saving money on public transit or automobile ownership costs. Micro-mobility technologies are less harmful to the environment than traditional forms of transportation. They emit no or very little pollution, noise, or trash. They can also assist lower the transportation sector's energy usage and carbon footprint.

The mounting demand for micro-mobility device safety and quality assurance is fueling the market of micro-mobility device testing and certification services:

To avoid or mitigate the dangers of fire, explosion, and electric shock caused by their battery, electrical, and charging systems. Micro-mobility devices rely on lithium-ion batteries, which can overheat, short-circuit, or catch fire as a result of flaws, damage, poor charging, or external influences. Because of its high energy density, extended lifespan, and low self-discharge rate, lithium-ion batteries are commonly employed in micro-mobility devices. They do, however, have significant disadvantages, such as sensitivity to temperature, voltage, and current changes, vulnerability to mechanical or electrical abuse, and the potential for thermal runaway. Thermal runaway occurs when the temperature of a battery rises fast and unpredictably as a result of an internal or external trigger, such as overcharging, short-circuiting, puncturing, or overheating. This can result in a fire, explosion, or electric shock, all of which can result in casualties, property damage, or environmental issues.

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

Internet penetration is poor in undeveloped or distant locations may hinder the market of micro-mobility device testing and certification services:

Technology advances and operational efficiency are critical for the effective operation of micro-mobility systems. Navigation, barcode scanning, payment services, and parking systems all require an efficient communication infrastructure. Without improved connections, it would be impossible for service providers to deliver micro-mobility services. Developing nations in Asia, Oceania, the Middle East, and Africa, as well as Latin America, lack fundamental technology such as telecom and networking infrastructure and are unable to undertake smart projects owing to limited resources and low literacy rates. In numerous developing nations, 4G technology has not yet developed, whereas South Korea, Germany, and the United States are now adopting 5G technology. Although many developing nations' governments are aware of the benefits and importance of micro-mobility, early funding restrictions often stifle micro-mobility growth in these countries. In developing nations, a lack of telecom and networking infrastructure may stymie the expansion of the micro-mobility sector.

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

The worldwide lockdown is having a significant impact on service provider values, personnel engaged in the sector, and the rate of industry consolidation. For example, the worth of one business that operates a global network of e-bikes and e-scooters recently fell by 79 percent. Another provider ceased operations in six US locations and throughout all of its European regions, laying off 30% of its personnel. A third business reduced working hours for 60% of its employees while providing a simplified fleet of its e-scooters to German healthcare personnel. The shutdown has also hastened industrial consolidation. For example, a micro-mobility startup recently bought a big ride-hailing operator's e-bike and e-scooter business.

Global Micro-mobility Device Testing and Certification Services Market Recent developments:

In April 2023:  The European Union passed a new law outlining the technical specifications for e-bikes and e-scooters.

In March 2023: The New York City Council enacted legislation requiring e-bikes, e-scooters, e-mobility devices, and light electric vehicle battery packs to be third-party certified according to UL standards by an accredited testing laboratory.

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

The testing services category held the most market share. This is due to the importance of testing services in ensuring the safety and quality of micro-mobility devices and their components, such as batteries, motors, controllers, and so on. Testing services can aid in the prevention or reduction of possible dangers like fire, explosion, and electric shock caused by faulty micro-mobility devices. Testing services may also assist in ensuring compliance with applicable standards and laws in various areas and markets.

During the projected period, the certification services segment is predicted to develop the quickest. This is because certification services may assist micro-mobility device makers, retailers, importers, and distributors improve their image and confidence among customers and regulators. Certification services can also assist to enhance the performance and longevity of micro-mobility devices by detecting and repairing any faults or errors. Certification services may also assist in gaining access to global markets by fulfilling the distinct and changing needs of various areas and clients.

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

• In-house

• Outsourced

The biggest market share was held by the outsourced services category. This is because outsourcing TIC services may assist makers and operators of micro-mobility devices save time, money, and resources by eliminating the need to invest in their facilities and employees. It can also help them get access to global markets by satisfying the unique and changing needs of various areas and clients.

During the projection period, the in-house services category is likely to develop at a modest rate. This is because certain makers or operators of micro-mobility devices may want to execute TIC services in-house for reasons like quality control, data security, or competitive advantage. In-house TIC services, on the other hand, may have significant upfront and ongoing expenditures, as well as restricted availability and quality of facilities and employees.

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

• lithium-ion

• lead-acid

• nickel-metal hydride

• other types

The lithium-ion battery sector held the most market share. This is because lithium-ion batteries outperform other types of batteries in terms of performance, safety, and quality. For micro-mobility devices, lithium-ion batteries can provide better power output, longer travel range, faster-charging speed, and reduced weight. Lithium-ion batteries may also meet the appropriate norms and regulations for the safety of micro-mobility devices, such as UL 2271, EN 50604-1, IEC 62133-2, and so on.

During the forecast period, the solid-state battery (Other Type) sector is likely to develop the quickest. This is because solid-state batteries are a new technology that can address some of lithium-ion batteries' limitations, such as thermal runaway, short-circuiting, and fire dangers. Solid electrolytes are used in solid-state batteries rather than liquid or gel electrolytes, which might leak or burn. Solid-state batteries can also provide greater energy density, a longer lifespan, and improved safety for micro-mobility devices.

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

• 24V

• 36V

• 48V

• other ranges

The 48V sector has the biggest market share. This is because 48V micro-mobility devices provide more power output, quicker acceleration, and greater hill climbing ability than lower voltage devices. 48V micro-mobility devices can also help to minimize the weight and size of the battery pack and wire harness, as well as improve thermal management and system safety. 48V micro-mobility devices are appropriate for a variety of applications such as e-bikes, e-scooters, e-skateboards, and so on.

During the forecast period, the other ranges category is likely to expand the quickest. This is because devices with larger voltage ranges, such as 60V, 72V, or higher, may give even more power output, speed, and torque than 48V devices. These voltage levels, however, provide more issues in terms of battery cost, safety, and compatibility. As a result, these voltage ranges are mostly reserved for niche or luxury micro-mobility equipment like electric motorbikes or high-performance e-bikes.

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

• North America

• Europe

• Asia-Pacific

• South America

• Middle East and Africa

The sector North America held the biggest market share. This is because North America has a well-established and mature testing, inspection, and certification (TIC) business that provides a variety of services for micro-mobility devices by various standards and laws. Micro-mobility devices are also in significant demand in North America as handy and environmentally beneficial alternatives to traditional transportation modes, particularly in metropolitan areas. During the projection period, the Asia-Pacific sector is likely to expand the quickest. This is because Asia-Pacific is seeing strong expansion in the micro-mobility device market as a result of the region's expanding population, urbanization, traffic congestion, and environmental concerns. Asia-Pacific also has a high potential for outsourcing TIC services to third-party providers that have the necessary experience, resources, and certification to offer these services quickly and effectively.

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