The golf cart battery market analysis covers in-depth information about the major golf cart industry participants. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Based on application, it is categorized into golf course, personal services, and commercial services. On the basis of voltage rating, it is categorized into 6V, 8V, and 12V. Depending on type, the market is segmented into lithium-ion battery and lead acid battery. The golf cart battery market forecast is segmented into type, voltage rating, application, and region. ![]() As a result, this surge is anticipated to boost the global market growth in the coming years. This is attributed to rising in deplothe payment of golf cart batteries as it does not cause any pollution, thus safe for the environment. A replacement battery should only have one combination, which is why it is recommended to check before purchasing.ĭepending on the type,the lithium segment registered the highest market share of about 43.3% in 2021, and is expected to maintain its dominance during the forecast period. Numerous 6V, 8V, or 12V batteries are used in golf carts as opposed to a single 6V, 8V, or 12V battery. Golf carts also require multiple batteries to supply the necessary voltage and amperage, so it is important that a replacement's size and power requirements match up. Moreover, the industry is expanding as a result of the rising demand for electric vehicles. In addition, there are a number of factors driving the expansion of the global market including the rising popularity of lithium-ion batteries, camper homes, golf carts, electric cart buggies, and urbanization. Due to the widespread use of golf carts, the demand for golf cart batteries is rising globally. ![]() Demand for public transport was suspended owing to a rise in demand for self-owned cars thus resulting in substantial growth of the golf cart battery market in the coming years.Ī golf cart cannot function without batteries, so the battery used in the golf cart is an inevitable accessory. However, Golf cart battery market is coming back to pre-covid level and a decent growth rate is expected during the forecast period driven by economic expansion majorly in developing nations. The global spread of Coronavirus has a huge impact on various industries and countries across the globe, which implies to golf cart battery market as well. The global golf cart battery market size 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.
0 Comments
Leave a Reply. |