The increase in the popularity of professional golf tournaments is one of the major factors propelling the market growth. However, factors such as surging interest in off-course golfing might hamper growth.
Based on the type, the lead-acid battery segment led the market in 2019. Factors such as low-cost advantages over other battery technologies, recyclability of lead-acid batteries, and the increased availability of raw materials are driving the growth of the segment. The market growth in the segment will be significant during the forecast period.
Golf Cart Battery Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 72% of the market's overall growth is expected to originate from North America. Factors such as the presence of numerous golf courses, the increasing number of golf enthusiasts, and the high demand for golf carts from commercial establishments are driving the growth of the market in North America.
The US and Canada are the key markets for golf cart batteries in North America. However, market growth in this region will be slower than the growth of the market in other regions.
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Global Electric Vehicle Battery Market - Global electric vehicle battery market is segmented by battery type (lithium-ion battery, lead-acid battery, and others) and geography (APAC, Europe, MEA, North America, and South America).Click Here to Get an Exclusive Free Sample Report
Global Battery Recycling Market - Global battery recycling market is segmented by battery chemistry (lead-acid, lithium, and others), battery source (automotive, electronic appliance, and others), and geography (APAC, Europe, North America, South America, and MEA).Click Here to Get an Exclusive Free Sample Report
Companies Covered:
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.
Samsung SDI Co. Ltd.
What our reports offer:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers market data for 2019, 2020, until 2024
Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Lead acid battery - Market size and forecast 2019-2024
Li-ion battery - Market size and forecast 2019-2024
Market opportunity by Type
Customer landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
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.
Samsung SDI Co. Ltd.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
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