Golf Cart Battery Market Growth Forecast at 4.2% CAGR to 2019 Driven by Lead Acid Batteries

Nov 11, 2015, 10:30 ET from ReportsnReports

PUNE, Maharashtra, November 11, 2015 /PRNewswire/ --

Cost advantage of lead-acid batteries over other batteries is the key driver for the growth of golf cart battery market. The golf course industry is seeing a transformation with the use of the latest technologies. To increase a golfer's preference and attract new customers, golf clubs are integrating the latest models of golf carts. These carts come with GPS applications that assist with the club choice. These carts are also finding application in clubs, hotels, resorts, and shopping malls. Advantages like its low noise operation and zero-emission features are some of the significant factors that bolster market growth during the forecast period.

Complete report on cart battery market spread across 73 pages, analyzing 7 companies and providing 23 data exhibits is now available at http://www.reportsnreports.com/reports/434973-golf-cart-battery-market-2015-2019.html.

The lead-acid battery segment has been able to retain its market share in golf cart applications due to the high price of Li-ion batteries. Additionally, lead-acid batteries offer high cranking current that is ideal for starting lighting and ignition (SLI) applications in gasoline golf carts.

Research analysts have estimated the global market for golf cart batteries to post a slow but moderate CAGR of around 4% during the period of 2014 to 2019. The report offers an analysis of each of the major segments and discusses its impact on the overall market growth Lead acid and Li-ion. In this market research report, analysts estimate the lead acid battery segment to account for more than 79% of the total market share by 2019. High market share of this segment can be attributed to factors like its augmented demand for SLI applications in gasoline-powered golf carts and power propulsion applications in electric golf carts.

According to the report, golf carts in developed countries such as the US have become ideal for the older population. On an average, a golf cart can achieve a top speed of 25 mph, which is a safe speed. Other than their use in golf centers, these carts are quite handy for chores such as buying groceries, in effect for very short commuting distances. Order a copy of Golf Cart Battery Market 2015 - 2019 report @ http://www.reportsnreports.com/purchase.aspx?name=434973.

The following companies are the key players in the Global Golf Cart Battery market: Axion Power International, Crown Battery, East Penn Manufacturing, Exide Technologies , EnerSys Navitas System and Trojan Battery

Further, the report states that the growing production of lead-acid batteries has raised environmental concerns over lead pollution. Battery production involves the use of toxic materials because of a lack of safer substitutes. A large amount of lead is required in battery production, and a portion of the lead is often mixed with the discharged fumes. This leads to air pollution and can cause health problems.

Explore more reports on Energy and Power Market at http://www.reportsnreports.com/market-research/energy-and-power-supplies/.

Overall, the golf cart market is forecast to grow at 4.29% CAGR to 2019. Golf has become an important sport even in the emerging economies such as China and India. The inclusion of golf in the 2016 Olympics, which will be held in Brazil, is expected to positively drive the growth of the Global Golf Cart market. The research titled Global Golf Cart Market 2015-2019 talks about companies like Columbia ParCar, Ingersoll Rand, Textron, Yamaha Golf Cars, Auto Power, citEcar Electric Vehicles, Dongguan Excellence Golf & Sightseeing Car, Garia, Melex Golf Cars, Nanning South Machine Power, Polaris Industries, Shenzhen Marshell Green Power, Speedways Electric, Suzhou Eagle Electric Vehicle Manufacturing, Suzhou Falcon Electric Vehicle Manufacturing, Volmac Engineering, Zhuhai E-Way Electrical Industry and Zhuhai Tozhiny Electronic & Technological. Read more at http://www.reportsnreports.com/reports/323159-global-golf-cart-market-2015-2019.html .

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