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Golf cart battery market growing at 4.53% CAGR by 2021 explored in latest research

The global Golf Cart Battery market to grow at a CAGR of 4.53% during the period 2017-2021.

The following companies as the key players in the global golf cart battery market: Crown Battery, East Penn Manufacturing, Exide Technologies, EnerSys, RELiON Batteries, and Trojan Battery Company. Other prominent vendors in the market are: Axion Power, Century Yuasa, Dyno Battery, Exide Industries, Gem Batteries, Harris Battery, Johnson Controls, Leoch Battery, Navitas Systems, Samsung SDI, SEC Battery, Smart Battery, and Speedways Electric.

Complete report on the Golf Cart Battery Market Research Report spread across 70 pages, profiling 19 companies and supported with 24 lists of exhibits is now available at…me=1097612.

Golf Cart Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the Key vendors operating in this market.

One trend in the market is advances in golf cart technology. The golf course industry is witnessing a transformation, owing to the use of latest technologies.

To enhance a golfer’s experience and attract new customers, golf clubs are integrating the latest models of golf carts in their golf courses. These carts come with pre-installed GPS applications.

According to the report, one driver in the market is improved consumer spending. The growth in urbanization and increase in the number of people earning in one household have led to the increase in worldwide disposable income.

This rise is urbanization has resulted in greater awareness about golf in a large number of people. Consumer spending is a significant economic factor since it usually matches with the overall consumer confidence in a nation’s economy.

High consumer confidence indicators typically relate to higher levels of consumer spending in the economic market.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Further, the report states that one challenge in the market is maintenance issues associated with battery. Gasoline-powered golf carts use lead-acid batteries for SLI applications.

SLI batteries deliver a quick thrust of energy (for starting engines) and have a greater plate count. Most golf carts use deep cycle lead-acid batteries for power propulsion, which are different from batteries used in cars or trucks.

Deep cycle batteries do not offer ample instant energy, but they deliver greater long-term energy as they are regularly deeply discharged using maximum capacity.

The report covers the present scenario and the growth prospects of the global golf cart battery market for 2017-2021. To calculate the market size, the report considers an approximate total number of golf carts sold and an average number of batteries installed per golf carts.

Golf cart batteries are batteries that are specifically designed for golf carts. Golf cart batteries are basically deep cycle lead-acid batteries.

However, Li-ion batteries for golf carts are gaining momentum in the market. Major golf cart vendors are switching from tradition deep cycle lead-acid to Li-ion batteries, owing to the higher energy density and lower power duration of the latter.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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