North American golf cart battery market reach new heights

Golf Cart Battery Market: 59% of Growth to Originate from North America, Driven by the Increase in the Popularity of Professional Golf Tournaments – Technavio

New York time on August 3, 2022, PR Newswire reported that from 2020 to 2025, the golf battery market will grow by $58.48 million. The report also predicts that the compound annual growth rate of the market will climb up at a rate of 3.37% in the following years.
In the forecast report, 59% of the market growth is mainly derived from the North American market in the United States and Canada, and the increasing number of golf courses and golf tournaments will promote the growth of the North American market during the forecast period.
North American golf cart battery market to reach new heights
Technavio has announced its latest market research report titled Golf Cart Battery Market by Type and Geography – Forecast and Analysis 2021-2025

Popularity of professional golf tournaments fuels growth in golf cart batteries

As the popularity of professional golf tournaments has grown, more and more people have become involved in the sport. At the same time, after 112 years, the 2016 Rio Summer Olympics Golf Tournament was included in the Olympic Games, and the ratings of professional golf tournaments ushered in a new period of explosive growth.

In October 2018, the final day of broadcast of the Professional Golfers Association (PGA) Championship held by NBC in Paris, France, totaled 2.71 million viewers, an increase of nearly 20% over 2014.

Hence, the increasing popularity and increasing participation in professional golf events is driving the demand for golf carts, which in turn will drive the growth of the global golf cart battery market from 2021-2025. The popularity of professional golf will be the driving force driving the growth of the global golf cart battery market.

Golf carts are no longer just for golf courses

The use of golf courses in the past has only served the golf courses. But with the rise of other commuting needs and the application of lithium batteries, it has been found that battery-powered golf carts no longer involve any significant emissions;

This works even better for those complying with strict regulations on vehicle emissions and rising fuel prices. People are increasingly enjoying golf cart journeys in short commute applications. For example, short-distance shopping, entertainment and sightseeing.

If you need to replace your golf cart battery, you can click to view our golf cart batteries and read our instructions before installing!

Among the elderly, golf cart operation and speed are low, which has a good effect on the development of local tourism. Especially for those who like to participate in religious pilgrimage sites, it will be a wonderful experience. The use of golf carts has gradually expanded.

Related Reports

The cylindrical lithium-ion battery market share is expected to increase to USD 11.88 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.42%.

The solar PV market share in APAC is expected to increase to USD 150.13 million by 2026, and the market’s growth momentum will accelerate at a CAGR of 21.74%.

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