Global Golf Cart Battery Market Growth 2023-2029

Global Golf Cart Battery Market Growth 2023-2029

Golf cart batteries are batteries that are specifically designed for golf carts. Golf cart batteries are basically deep cycle lead-acid batteries. However, Li-ion batteries for golf carts are gaining momentum in the market. Major golf cart vendors are switching from tradition deep cycle lead-acid to Li-ion batteries, owing to the higher energy density and lower power duration of the latter.

LPI (LP Information)' newest research report, the “Golf Cart Battery Industry Forecast” looks at past sales and reviews total world Golf Cart Battery sales in 2022, providing a comprehensive analysis by region and market sector of projected Golf Cart Battery sales for 2023 through 2029. With Golf Cart Battery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Golf Cart Battery industry.

This Insight Report provides a comprehensive analysis of the global Golf Cart Battery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Golf Cart Battery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Golf Cart Battery market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Golf Cart Battery and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Golf Cart Battery.

The global Golf Cart Battery market size is projected to grow from US$ 444 million in 2022 to US$ 606 million in 2029; it is expected to grow at a CAGR of 606 from 2023 to 2029.

Cost advantage of lead-acid batteries over other batteries is the key driver for the growth of this market. The lead-acid battery segment has been able to retain its market share in golf cart applications due to the high price of Li-ion batteries. Additionally, lead-acid batteries offer high cranking current that is ideal for starting lighting and ignition (SLI) applications in gasoline golf carts.Technological segmentation and analysis of: lead acid & Li-ion

This report presents a comprehensive overview, market shares, and growth opportunities of Golf Cart Battery market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
6V
8V
12V

Segmentation by application
Golf Carts
Electric Coach
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Crown Battery
East Penn Manufacturing
Exide Technologies
EnerSys
RELiON Batteries

Key Questions Addressed in this Report

What is the 10-year outlook for the global Golf Cart Battery market?

What factors are driving Golf Cart Battery market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Golf Cart Battery market opportunities vary by end market size?

How does Golf Cart Battery break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.