Golf Cart Battery Market Analysis

Golf Cart Battery Market Analysis

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The lithium-ion batteries segment crossed around USD 85 million of the golf cart battery market revenue in 2022 and is expected to grow significantly by 2032. They possess a higher energy density, allowing for longer operating times and an increased driving range for golf carts. This improved performance is highly desirable among golf cart users seeking extended playtime and improved mobility. These batteries have a longer lifespan compared to lead-acid batteries and can endure a higher number of charge cycles before experiencing significant degradation. This factor reduces the frequency of battery replacements and overall maintenance costs for golf cart owners & operators, thereby driving segment growth.

The 6-volt sector crossed a valuation of USD 53 million in 2022. The 6-volt battery voltage segment caters specifically to this requirement, ensuring compatibility and seamless integration with golf cart electrical systems. These batteries ensure the optimum performance of golf carts, delivering the necessary torque and power for smooth operation on the golf course. Thus, golf cart owners and operators prefer 6-volt batteries as they are specifically designed to meet the power demands of golf cart applications.

North America golf cart battery market captured over 38% of the global share in 2022. The region is a significant marketplace for golf cart batteries due to the presence of a large population, the abundance of golf courses, and the presence of golf-centric communities. The wide use of golf carts in various applications and the popularity of golf as a sport are creating a sizable demand for golf cart batteries in North America. The growing use of electric golf carts as a greener substitute for conventional gas-powered carts is propelling the regional product.