Golf Cart Battery Market By Type (Lithium, Lead Acid), By Voltage Rating (6V, 8V, 12V), By Application (Golf Course, Personal Services, Commercial Services): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global golf cart battery market was valued at $122.8 million in 2021, and is projected to reach $216.5 million by 2031, growing at a CAGR of 5.9% from 2022 to 2031.
Golf cart batteries are semi-traction batteries and designed to be used as a power source for light motive power applications such as in golf carts, electric vehicles like the Reva∗ car & electric buggies. Golf cart battery enables less system maintenance, enhances battery life, offers high reliability, reverses current monitoring, and higher recharge speed, owing to which it is used in electric vehicles, electric canal boats, and lighting for camping.
For the purpose of analysis, the global golf cart battery market scope covers segmentation based on type, voltage rating, application, and region. The report provides information on various types of batteries used in golf cart such as lithium-ion battery and lead acid battery.
It further outlines the data about different voltage ratings, including 6V, 8V, and 12V. In addition, the applications covered in the study include golf course, personal services, and commercial services. Moreover, it analyzes the current market trends of golf cart battery across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
The major players profiled in the report include C&D Technologies Inc., Clarios, Enersys, Exide Industries Ltd., GS Yuasa Corp., Samsung SDI Co. Ltd., and Leoch International Technology Ltd. Other players operating in the value chain of the global golf cart battery market are Brookfield Business Partners L.P., and Exide Technologies, Universal Power Group, Trojan Battery Company, Lifeline, Amstron, Microtex Energy Private Limited, Johnson Controls, Inc., and ACDelco.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the golf cart battery market analysis from 2021 to 2031 to identify the prevailing golf cart battery market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the golf cart battery market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global golf cart battery market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Voltage Rating
6V
8V
12V
By Type
Lithium
Lead Acid
By Application
Golf Course
Personal Services
Commercial Services
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
U.K.
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
C And D Technologies Inc.
Clarios
Crown Battery Manufacturing Co.
Enersys
East Penn Manufacturing Co. Inc.
Exide Industries Ltd
GS Yuasa Corp.
Samsung SDI Co. Ltd.
Leoch International Technology Ltd.
ReLiON Batteries
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