Global Golf Cart Battery Market 2020-2024

Global Golf Cart Battery Market 2020-2024

Technavio has been monitoring the golf cart battery market and it is poised to grow by $ 92.65 mn during 2020-2024, progressing at a CAGR of 5% during the forecast period. Our reports on the golf cart battery market provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increase in the popularity of professional golf tournaments and the high demand for golf carts powered by Li-ion batteries. In addition, an increase in the popularity of professional golf tournaments is anticipated to boost the growth of the market as well.

The golf cart battery market analysis includes type segment and geographical landscapes.

Technavio's golf cart battery market is segmented as below:

By Type

  • Lead-acid battery
  • Li-ion battery
By Geographical Landscapes
  • North America
  • APAC
  • Europe
  • South America
  • MEA
This study identifies the growing number of golf courses across the world as one of the prime reasons driving the golf cart battery market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our golf cart battery market report covers the following areas:
  • Golf cart battery market sizing
  • Golf cart battery market forecast
  • Golf cart battery market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading golf cart battery market vendors that include C&D Technologies Inc., Clarios, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Exide Technologies, GS Yuasa Corp., Leoch International Technology Ltd., and Samsung SDI Co. Ltd. Also, the golf cart battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Global renewable electricity market
      • Inputs
      • Operations
      • Distribution and logistics
      • Marketing and sales
      • Aftermarket and service
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2019 - 2024 ($ million)
        • Table Global golf cart battery market 2019-2024 ($ million), exclusive of COVID-19 impact
        • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Type
    • Market segments
      • Table Type - Market share 2019-2024 (%)
    • Comparison by Type
      • Table Comparison by Type
    • Lead acid battery - Market size and forecast 2019-2024
      • Table Lead acid battery - Market size and forecast 2019-2024 ($ million)
      • Table Global golf cart battery market in lead acid battery segment 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Lead acid battery - Year-over-year growth 2019-2024 (%)
    • Li-ion battery - Market size and forecast 2019- 2024
      • Table Li-ion battery - Market size and forecast 2019-2024 ($ million)
      • Table Global golf cart battery market in Li-ion battery segment 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Li-ion battery - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type
  • Customer landscape
    • Overview
      • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table Golf cart battery market in North America 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table Golf cart battery market in APAC 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Golf cart battery market in Europe 2019-2024 ($ million), exclusive of COVID- 19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table Golf cart battery market in South America 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table Golf cart battery market in MEA 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increase in the popularity of professional golf tournaments
      • Growing number of golf courses across the world
      • High demand for golf carts powered by Li-ion batteries
    • Market challenges
      • Surging interest in off-course golfing
      • Drawbacks in using lead-acid batteries
      • Lack of infrastructure and facilities to charge golf carts
        • Table Impact of drivers and challenges
    • Market trends
      • Multiple uses for golf carts
      • Introduction of solar-powered golf carts
      • Stringent government regulations toward vehicle emission
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • C&D Technologies Inc.
      • Table C&D Technologies Inc. - Overview
      • Table C&D Technologies Inc. - Product and service
      • Table C&D Technologies Inc. - Key offerings
    • Clarios
      • Table Clarios - Overview
      • Table Clarios - Product and service
      • Table Clarios - Key news
      • Table Clarios - Key offerings
    • Crown Battery Manufacturing Co.
      • Table Crown Battery Manufacturing Co. - Overview
      • Table Crown Battery Manufacturing Co. - Product and service
      • Table Crown Battery Manufacturing Co. - Key offerings
    • East Penn Manufacturing Co. Inc.
      • Table East Penn Manufacturing Co. Inc. - Overview
      • Table East Penn Manufacturing Co. Inc. - Business segments
      • Table East Penn Manufacturing Co. Inc. - Key news
      • Table East Penn Manufacturing Co. Inc. - Key offerings
      • Table East Penn Manufacturing Co. Inc. - Segment focus
    • EnerSys
      • Table EnerSys - Overview
      • Table EnerSys - Business segments
      • Table EnerSys - Key news
      • Table EnerSys - Key offerings
      • Table EnerSys - Segment focus
    • Exide Industries Ltd.
      • Table Exide Industries Ltd. - Overview
      • Table Exide Industries Ltd. - Business segments
      • Table Exide Industries Ltd. - Key news
      • Table Exide Industries Ltd. - Key offerings
      • Table Exide Industries Ltd. - Segment focus
    • Exide Technologies
      • Table Exide Technologies - Overview
      • Table Exide Technologies - Business segments
      • Table Exide Technologies - Key offerings
      • Table Exide Technologies - Segment focus
    • GS Yuasa Corp.
      • Table GS Yuasa Corp. - Overview
      • Table GS Yuasa Corp. - Business segments
      • Table GS Yuasa Corp. - Key news
      • Table GS Yuasa Corp. - Key offerings
      • Table GS Yuasa Corp. - Segment focus
    • Leoch International Technology Ltd.
      • Table Leoch International Technology Ltd. - Overview
      • Table Leoch International Technology Ltd. - Business segments
      • Table Leoch International Technology Ltd. - Key offerings
      • Table Leoch International Technology Ltd. - Segment focus
    • Samsung SDI Co. Ltd.
      • Table Samsung SDI Co. Ltd. - Overview
      • Table Samsung SDI Co. Ltd. - Business segments
      • Table Samsung SDI Co. Ltd. - Key news
      • Table Samsung SDI Co. Ltd. - Key offerings
      • Table Samsung SDI Co. Ltd. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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