San Francisco, California, July 12, 2018: The world market for golf cart batteries is believed to grow at a promising pace in the years to come, reports TMR Research in their report titled, “Golf Cart Battery Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025”. Factors such as increasing in the usage of golf carts as a mode of transportation for ageing people in places such as crowded stations, tourists’ locations, and airports are proved to be playing a major role in fuelling the market. Increased usage of golf carts in non-conventional areas is expected to abode well with demand in the market.
Get Sample Copy of this Report @
Low maintenance and to deliver maximum usable power is increasing the demand for the Lead-acid battery used in the golf carts. In comparison to li-ion battery, lead-acid battery presently comprises of larger share market in terms of revenue of the global market. As the demand for the batteries increases, various organizations are pouring money behind the researching team to deliver more advanced and innovative products which would outshine them from their competitors in the intense battle to capture the market. Organizations expanding across new and promising regional market is a trend that the market is witnessing.
On the basis of geography, the global market for golf cart batteries is taking a lead in North America among Asia pacific, Middle East and Africa, and Europe. North America is currently the leading contributor of revenue to the market. Presence of large number of golf courts and leading golf cart manufacturers in the region is stoking the lead in market. Affluent population, amenities and new facilities are regularly introduced to improve the experience of sport.
Read Comprehensive Overview of Report @
Some of the key players in the market are Exide Technologies, Speedways Electric, Samsung DDI, Crown battery, RELiON Batteries, and East Penn Manufacturing.