Golf Cart Battery Market Size Was Valued At USD 181.36 MILLION In 2024. The Global Golf Cart Battery Industry Is Projected To Grow From USD 189.75 MILLION In 2025 To USD 322.32 MILLION By 2035, Exhibiting A Compound Annual Growth Rate (CAGR) Of 5.14% During The Forecast Period (2025 - 2035).
Increasing Demand And Adaptation Of Golf Carts And Growing Urbanization Along With Increasing Industrialization is driving the Global Golf Cart Battery Market.
As per Analyst at MRFR,” The Golf Cart Battery Market is expected to grow at a faster rate due to factors such as rising urbanization and industrialization, a shift toward mall culture, high-tech and smart residential and commercial housing projects, and increased use of golf cart vehicles in hotels, the hospitality, golf tourism, and amusement park industries.”
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Golf Cart Battery Market Trends
GROWING ENVIRONMENTAL CONCERNS
Growing environmental concerns across the globe can be seen as a pedigree to boost the Golf cart battery market. The golf carts in which these batteries are used are environmentally friendly and produce no emissions. Even the fact that they don't require frequent parts replacements makes them “greener” than their gas counterparts. Compared to vehicles that use internal combustion engines, golf carts are the only mode of transportation that can prevent environmental pollution linked to engine emissions. Electric golf carts do not emit gases or cause the important and healthy minerals found in the ground, such as petrol, to transform into toxins in the form of gasoline and diesel thanks to golf cart systems that can block this pollution both in micro and macro.
With their use that facilitates life and supports it, golf carts help people in the present period live more comfortably and peacefully while also reducing air pollution and city pollution. As opposed to gas engines, golf carts don't emit any hazardous emissions and support global energy security by using no fuel for each mile of travel. They are regarded as zero-emission cars because they lack an engine, a gas tank, and exhaust. As a result, golf courses, public spaces, parks, and more have become cleaner and healthier thanks to eliminating greenhouse gas emissions. Many governments have even imposed strict prohibitions on using gas-powered or traditional golf carts while actively promoting golf carts with battery technology. During the anticipated term, it is possible to see that actions of this nature to combat global warming and emissions will positively impact both the golf cart market and the golf cart battery industry.
Based on type, the Golf Cart Battery Market has been segmented into lead acid and lithium ion. The lithium-ion segment accounted for the market share of 48.23% in 2021, with a market value of USD 79,791.7 thousand; it is expected to register a CAGR of 6.08% during the forecast period. The lead-acid segment accounted for 51.77% market share in 2021, valued at USD 85,636.1 thousand; it is projected to exhibit a CAGR of 4.19% during the forecast period. The most popular and affordable deep-cycle batteries for golf carts are lead-acid batteries.
They are made up of lead plates suspended in sulfuric acid, which causes a chemical reaction and stores energy. Lead acid batteries' lowest initial cost is their primary advantage. They are the heaviest, most maintenance-intensive, and have the shortest lifespan when compared to other golf cart battery types. Lead acid batteries can never be fully charged to their initial capacity since they undergo charge and discharge cycles. During the bulk phase, lead acid batteries can charge around C/5 (up to 85% capacity). The battery charger then automatically slows down to top off the batteries. This means that lead acid batteries take longer to charge, often more than twice as long as lithium batteries.
Figure 1: Global Golf Cart Battery Market, by Type, 2024 & 2035 (USD MILLION)
Based on product type, the Golf Cart Battery Market has been segmented into 6V, 8V, and 12V. The 6V segment accounted for the largest market share of 40.01% in 2021, with a market value of USD 66,183.5 thousand; it is expected to register a CAGR of 5.55% during the forecast period. The 12V segment accounted for the second largest market share in 2021, valued at USD 55,871.6 thousand; it is projected to exhibit a CAGR of 5.43% during the forecast period.
The benefits of 6V golf cart batteries include their longer range (56 amps), higher capacity, more charge cycles than other voltage batteries, and lower depth of discharge. They also have a longer lifespan. The drawbacks of 6V golf cart batteries are that they are more expensive initially than 8 and 12-volt units, require 8 packs to be installed, which lengthens the installation process, and add extra weight to the golf cart. 6-volt batteries deliver the smallest depth of discharge percentage out of the three. An average running time of 80 minutes should leave you with a discharge of 35%.
The Golf Cart Battery Market has been studied for the following regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Among these, Asia-Pacific dominated the market with a share of 40.60%, accounting for USD 67,162.2 thousand in 2021; it is expected to register the CAGR of 5.63% from 2022 to 2030. Europe was the second largest with a share of 24.53% in 2021, sized at USD 40,577.9 thousand; it is projected to exhibit a CAGR of 4.54%.
A sizable, golf cart battery industry in the region is likely to make the Asia-Pacific region the largest expanding market for golf cart battery globally. The market for golf cart batteries is also anticipated to grow throughout the forecast period because of rising golf activities in developing nations like China and India. Because of the high demand for golf cart 8V batteries, Europe has been actively monitoring the Asia-Pacific market. The growing demand for the product from the golf industry drives the North American market. The Latin America and Middle East & Africa regions are showing consistent growth during the forecast period. Finally, due to infrastructure developments and the rising demand for golf grounds in these countries, it is anticipated that the Middle East, Africa, and Latin America markets will experience considerable growth over the projection period.
Figure 2: Global Golf Cart Battery Market, by region, 2024 & 2035 (USD MILLION)
Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, France, Rest Of Europe, UK, Japan, Chaina, India, Rest of Asia Pacific , Middle East, Africa, South America.
Many global, regional, and local vendors characterize the Golf Cart Battery Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.
The major players in the market include 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, RELION BATTERIES, among others. The Golf Cart Battery Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.
Key Companies in the Golf Cart Battery Market include
Golf Cart Battery Market Segmentation
Golf Cart Battery Market by Type Outlook (USD MILLION, 2019-2035)
Golf Cart Battery Market by Product Type Outlook (USD MILLION, 2019-2035)
Global Golf Cart Battery Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2024 | USD 181.36 MILLION |
| Market Size 2025 | USD 189.75 MILLION |
| Market Size 2035 | USD 322.32 MILLION |
| Compound Annual Growth Rate (CAGR) | 5.14% (2025-2035) |
| Base Year | 2024 |
| Market Forecast Period | 2025-2035 |
| Historical Data | 2019- 2023 |
| Market Forecast Units | Value (USD MILLION) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, By Product Type, And Region |
| Geographies Covered | North America, Europe, Asia-Pacific, South America, Middle East & Africa. |
| Countries Covered | The U.S., Canada, Mexico, UK, France, Germany, Rest of Europe, Japan, Chaina, India, Rest of Asia Pacific, Middle East, Africa, South America. |
| Key Companies Profiled | 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, RELION BATTERIES, among others. |
| Key Market Opportunities | · RISING EMPHASIS ON SUSTAINABLE AND ECO-FRIENDLY MATERIALS · INTEGRATION OF SMART TECHNOLOGIES AND WEARABLE CONNECTIVITY |
| Key Market Dynamics | · RISING AWARENESS OF EYE PROTECTION · INNOVATIONS IN LENS TECHNOLOGY |
Golf Cart Battery Market Highlights:
Frequently Asked Questions (FAQ) :
The Golf Cart Battery Market size is expected to be valued at USD 322.32 MILLION in 2035.
The global market is projected to grow at a CAGR of 5.14% during the forecast period, 2024-2035.
Europe had the largest share of the global market.
The key players in the market are Astec Industries 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, RELION BATTERIES, among others.
Lead Acid dominated the market in 2024.
6V segment had the largest revenue share of the global market.
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Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.
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