GITNUX MARKETDATA REPORT 2024

Golf Cart Battery Industry Statistics

The golf cart battery industry is projected to experience steady growth in the coming years due to increasing demand for eco-friendly transportation options.

In the following blog post, we will explore key statistics and insights surrounding the golf cart battery industry. From the global market size and regional market shares to sales figures and technological advancements, these statistics shed light on the current landscape and future prospects of the industry. Let’s dive into the data to understand the trends shaping the golf cart battery market.

Statistic 1

"The global golf cart market size was valued at USD 4.6 billion in 2020."

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Statistic 2

"The golf cart market is expected to expand by a compound annual growth rate of 5.3% from 2021 to 2028."

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Statistic 3

"The North American region accounted for more than 40% of the global golf cart market share in 2020."

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Statistic 4

"Approximately 465,000 electric golf carts were sold in the US in 2020."

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Statistic 5

"Globally, the electric golf cart segment accounted for over 60% of total market revenue in 2020."

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Statistic 6

"In 2019, there were roughly 22,000 golf courses worldwide which are potential clients for golf cart battery."

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Statistic 7

"The compound annual growth rate (CAGR) of the electric golf cart market in the US from 2020 - 2025 is projected to be 5%."

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Statistic 8

"The average lifespan of a golf cart battery is between 4 to 6 years."

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Statistic 9

"36-volt and 48-volt models are the most common voltage for golf cart batteries."

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Statistic 10

"Golf cart batteries usually take between 1-3 hours to fully charge."

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Statistic 11

"Asia Pacific is expected to be the fastest growing region for the golf cart market, anticipated to grow at a CAGR of approximately 6% from 2021-2028."

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Statistic 12

"In 2020, the market share of new golf cart sales in the U.S. was 40%."

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Statistic 13

"Electric golf carts lead the golf cart market type segment, accounting for over 60% of the total market."

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Statistic 14

"The market size for golf cart batteries is projected to experience steady growth through 2028, due to the increasing popularity of golf as a sport."

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Statistic 15

"The price of new golf cart batteries can range from $800 to $1,500, depending on the model and battery type."

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Statistic 16

"Golf carts and NEVs (Neighborhood Electric Vehicles) are anticipated to account for 15% of all vehicles globally by 2030, influencing the golf cart battery industry."

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Statistic 17

"Lithium-ion batteries are becoming a popular and more sustainable choice for golf carts, as their weight is around 1/4 of the lead-acid battery."

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Statistic 18

"The average golf cart can travel 15 to 25 miles on a single battery charge."

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The statistics presented highlight the promising and evolving landscape of the global golf cart and golf cart battery industry. The market is projected to experience significant growth, particularly in regions such as North America and Asia Pacific, with electric golf carts leading the pack in terms of market share. The increasing popularity of golf as a sport is driving the steady growth of the golf cart battery market, with lithium-ion batteries emerging as a sustainable choice. The statistics also emphasize the importance of innovation and technology advancements in shaping the future of golf cart batteries, as the industry prepares to meet the growing demand for eco-friendly and efficient battery solutions.

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