$58.48 Million Growth in Golf Cart Battery Market | With Brookfield Business Partners LP, C and D Technologies Inc. and Crown Battery Manufacturing Co., among others

Market dynamics

Factors such as increasing popularity of professional golf tournaments and increasing number of golf courses across the globe will be crucial in driving the growth of the market. But the growing interest in off-course golf will limit the growth of the market.

The high demand for golf carts powered by li-ion batteries is expected to open multiple growth opportunities for market players. However, the drawbacks of using lead-acid batteries might impact the businesses of the vendors during the forecast period.

Company Profiles

Golf Cart Battery Market report provides comprehensive insights on major vendors including Brookfield Business Partners LP, C and D Technologies Inc., 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.

Competitive analysis

The competitive scenario predicted in the golf cart battery market report analyzes, evaluates and positions companies based on various performance indicators. Some of the factors taken into account for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, market share growth, etc.

Market segmentation

  • By type, the market is categorized into lead-acid batteries and Li-ion batteries.
  • By geography, the market is classified as North America, APAC, Europe, South Americaand MEA.

Market growth in the lead acid battery segment has been significant in 2020. The wider temperature range and slow self-discharge rate of lead acid batteries are driving the growth of the segment. In terms of geography, North America will have the largest market share. The region currently holds 59% of the global market share. Growing number of golf courses and growing number of golf enthusiasts are driving the growth of the golf cart battery market in France. North America. The United States and Canada are the major markets for golf cart batteries in North America.

Related reports:

Global battery market – The global battery market is segmented by application (consumer electronics, transportation and stationary) and geography (APAC, North America, Europe, South America, and MEA).
Download an exclusive free sample report

Global lithium-ion battery recycling market – The global lithium-ion battery recycling market is segmented by source (excluding mobility and mobility) and by geography (APAC and ROW).
Download an exclusive free sample report

Scope of the golf cart battery market

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of over 3%

Market Growth 2021-2025

$58.48 million

Market structure

Fragmented

Annual growth (%)

1.97

Regional analysis

North America, APAC, Europe, South America and MEA

Successful market contribution

North America at 59%

Main consumer countries

United States, Canada, Japan, United Kingdom and Australia

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Brookfield Business Partners LP, C and D Technologies Inc., 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.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

SOURCETechnavio

Related links

https://www.technavio.com/