Golf Cart Battery Market Summary
As per Market Research Future Analysis, the Global Golf Cart Battery Market was valued at USD 181.36 million in 2024 and is projected to grow from USD 189.75 million in 2025 to USD 322.32 million by 2035, exhibiting a CAGR of 5.14% during the forecast period. The growth is driven by increasing demand for golf carts, urbanization, and industrialization. The market is characterized by a shift towards environmentally friendly electric golf carts, which produce no emissions and are supported by government regulations promoting battery technology.
Key Market Trends & Highlights
The Golf Cart Battery Market is witnessing significant trends driven by environmental concerns and technological advancements.
- Lithium-ion batteries accounted for 48.23% market share in 2021, expected to grow at a CAGR of 6.08%.
- Lead-acid batteries held 51.77% market share in 2021, projected to grow at a CAGR of 4.19%.
- Asia-Pacific dominated the market with 40.60% share in 2021, expected to register a CAGR of 5.63% from 2022 to 2030.
- 6V batteries represented 40.01% market share in 2021, anticipated to grow at a CAGR of 5.55%.
Market Size & Forecast
2024 Market Size | USD 181.36 Million |
2025 Market Size | USD 189.75 Million |
2035 Market Size | USD 322.32 Million |
CAGR (2025-2035) | 5.14% |
Major Players
C&D TECHNOLOGIES, INC.; CLARIOS; EXIDE INDUSTRIES LTD; GS YUASA INTERNATIONAL LTD.; SAMSUNG SDI CO., LTD; DURACELL INC.; LEOCH INTERNATIONAL TECHNOLOGY LIMITED; INTERSTATE BATTERIES; CROWN BATTERY; RELION BATTERIES.