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Base Year: 2024
Companies covered: 15
Tables & Figures: 20
Countries covered: 21
Pages: 80
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Golf Cart Battery Market
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Golf Cart Battery Market Size
The global golf cart battery market size was anticipated at USD 149.9 million in 2024 and is expected to witness a CAGR of 5.4% from 2025 to 2034. The growing popularity of electric golf carts stems from their eco-friendly features and overall cost advantages over gas-powered models. As a result, numerous golf courses, resorts, and even some residential communities are switching to electric golf carts in a bid to cut down on emissions and operating costs.
Due to increased power requirements, lower costs, and shift towards sustainable technologies, golf carts are increasingly using lithium-ion batteries. There is a concerted global effort to reduce carbon emissions, which is being aided by government policies that promote cleaner technologies; electric vehicles, including golf carts, are gradually becoming the norm. Take, for example, the USA where the Environmental Protection Agency (EPA) has created tough emission policies. Such policies lowers the carbon footprint of the economy and generates demand for electric mounted cars, which in return boosts the economy immensely. Demand for electric golf carts is rising sharply from both golf course operators and individual consumers, which in turn increases demand for batteries.
Golf Cart Battery Market Trends
The integration of smart technologies into golf carts such as GPS, Bluetooth, and advanced battery management systems will demand more reliable batteries. It is expected that as the energy capacity keeps increasing and the prices keep falling, lithium-ion batteries will further dominate the golf cart industry. Their ability to support longer run times on charge and offer rapid recharge makes them more useful to users specially when Golf carts are being used for short distance travel in non-golf environments. With their greater usage determines the need for more reliable long-lasting batteries.
Golf Cart Battery Market Analysis
The market for golf caddie batteries is divided according to the type of battery into lead acid and lithium-ion battery. The lithium - ion batteries segment is projected to reach USD 135.2 million during 2034. Given their higher energy density, these batteries allow for longer use and a greater distance range for driving golf carts. This kind of enhanced performance is specially desired by the golf cart users seeking for better mobility and prolonged playtime. In addition, these batteries have a longer lifespan than lead – acid batteries, being able to withstand more charge cycles before reaching the point of noticeable degradation. Thus, the owners and operators of golf carts have to deal with battery replacement less frequently and incur lower maintenance expenditures.
The 6V battery voltage segment anticipated to see more than 4.1% CAGR through 2034. This is due to the fact that 6V batteries are compatible with the golf carts' electrical system, which enables golf carts to achieve optimal performance on the course. Thus, golf cart owners and operators are more inclined to purchase the 6-volt batteries that have power limitations tailored to their needs.
The U.S. golf cart battery market is estimated to surpass USD 51.7 million by 2034, due to its superior performance in cell voltage balancing, charging, anti-overcharge, and anti-over discharge protection features. Advanced BMS technologies significantly impact the lifespan and performance of golf cart batteries. These factors, coupled with increasing focus on environmental sustainability and growing need for batteries that are less harmful to the environment and can be recycled, will make positive business case.
The Asia Pacific golf cart battery market is benefitting from the large population, multiple golf courses and golf communities. The high rate of consumption of golf carts and the sport itself results in high consumption of these batteries. The transition from gas powered golf carts to electric ones which are more appealing to the consumers also increases the demand in the region. With more facilities targeting sustainability and green operations, the adoption of electric golf carts will rise and subsequently the demand for efficient and operational reliable golf cart batteries will also increase.
Golf Cart Battery Market Share
Exide Technologies has become one of the key participants in the golf cart battery industry. Players in the market are navigating strategic alliances, launching new battery products, and focusing on commercialization in the area of their marketing to gain more share.
Golf Cart Battery Market Companies
Some of the key market players operating across the golf cart battery industry are:
Golf Cart Battery Industry News:
The golf cart battery market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2034, for the following segments:
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Market, By Battery Type
Market, By Voltage
Market, By End User
Market, By Sales Channel
The above information has been provided for the following regions and countries: