Golf Cart Battery Market Growth Potential & Forecast, 2032

1
Golf Cart Battery Market Predicted to Grow At
More Than 4 CAGR till 2032
2

• Industry Insights

• Golf Cart Battery Market is projected to cross
  USD 217.6 Million by 2032. The surging popularity
  of electric golf carts due to their efficient and
  durable battery requirements to power their
  operations will drive the product demand. For
  instance, in November 2022, Indian EV battery
  maker Neuro Energy introduced Adler, a new
  electric golf cart range, powered by its
  lithium-ion batteries comprising GPRS tracker and
  remote assistance. Of late, electric golf carts
  are also equipped with medical equipment and
  firefighting gear to offer rapid response and
  assistance in large facilities, including
  stadiums and airports. The rising number of
  government initiatives for promoting the adoption
  of electric vehicles driven by the higher focus
  on environmental sustainability will also
  positively impact the market growth.

3

• The 12-volt battery voltage segment recorded over
  15 of the golf cart battery industry revenue
  share in 2022 owing to their simplicity leading
  to lower manufacturing and maintenance costs.
  With long-standing popularity in the automotive
  and industrial sectors, 12-volt battery systems
  are witnessing widespread usage in golf carts to
  find and replace batteries and components. The
  ease of availability, cost-effectiveness and
  higher manufacturing rate offered by 12-volt
  lead-acid batteries will also drive the segment
  growth.
• Demand for golf cart lead-acid batteries may
  reach over USD 94 million in revenue by the end
  of 2032 on account of the continuous demand for
  replacements. Lead-acid battery technology
  renders enhanced reliability and durability,
  adding to the longevity of golf cart batteries.
  On account of their inexpensiveness to
  manufacture and purchase, these batteries are
  practical choice for golf cart manufacturers and
  consumers.

4

• Regional Analysis

Europe golf cart battery market size is estimated
to cross USD 59.5 million by the end of 2032. The
growth can be attributed to the presence of
strong golfing culture in the U.K., Spain,
Germany, France, and Sweden along with the
consistent demand for golf cart batteries in
these regions. The rising support for
sustainability and environmental responsibility
in European countries has led to the rising shift
towards environmentally friendly battery-powered
electric golf carts, such as lithium-ion and
advanced lead-acid batteries. The influx of
advanced charging infrastructure will also boost
the regional market growth.

• Competitive Analysis

• Clarios, Continental Battery Systems, Crown
  Battery Manufacturing Co., Duracell Inc., East
  Penn Manufacturing Co., Inc., EnerSys, Exide
  Technologies, U.S. Battery Manufacturing Co., and
  Trojan Battery Company LLC.

5
Golf Cart Battery Market _at_ https//www.gminsights
.com/industry-analysis/golf-cart-battery-market
Request for sample of this research report _at_
https//www.gminsights.com/request-sample/detail/6
106
Request for customization https//www.gminsights.
com/roc/6106
6
Stay In Touch Social Media
7
THANK YOU
www.gminsights.com