DUBLIN--(BUSINESS WIRE)--The "Global Golf Cart Battery Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The global golf cart battery market is forecast to grow at a CAGR of over 5% during the forecast years.
The lead-acid batteries have been the most cost-effective and preferred means of the power source in golf carts. However, the growth success of lithium-ion batteries in various devices across industries has resulted in the widespread adoption of this battery technology in the gold carts as well.
The increasing production of lithium-ion batteries had led to lower the price of cost of battery packs. This can be attributed to their increasing adoption in the automotive industry and the development of the cost-effective manufacturing methods by vendors.
Increase in the popularity of professional gold tournaments
The interest in professional gold tournaments is increasing steadily as the sport continues to increase in popularity as a championship games. The growing popularity of professional golf tournaments and the increasing participation rates are driving the demand for golf carts, and subsequently will drive the growth of the market during our forecast period.
Surging interest in off-course golfing
off-course golf outlets include indoor simulators, driving rages and other popular locations. These off-course gold locations can accommodate all kinds of players irrespective of the age or skill levels. In addition, these outlets appeal to all types of people, including these who otherwise would not participate in golf. Therefore, the growing popularity of off-course golf participation will hamper the growth of the cart battery.
Key Players
- East Penn Manufacturing
- EnerSys
- Exide Technologies
- GS Yuasa International
- Johnson Controls
- Trojan Battery
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY BATTERY TYPE
- Market segmentation by battery type
- Comparison by battery type
- Lead-acid battery - Market size and forecast 2018-2023
- Lithium-ion battery - Market size and forecast 2018-2023
- Market opportunity by battery type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
- Multiple uses for golf carts
- Rising popularity of golf in developing Asian countries
- Introduction of solar-powered golf carts
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- East Penn Manufacturing
- EnerSys
- Exide Technologies
- GS Yuasa International
- Johnson Controls
- Trojan Battery
For more information about this report visit https://www.researchandmarkets.com/research/2qplb5/the_global_golf?w=4
