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Europe Golf Cart Batteries Market
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Europe Golf Cart Batteries Market

Home Energy And Power Europe Golf Cart Batteries Market

Europe Golf Cart Batteries Market, By Battery Type (Lithium, Lead Acid); By Application (Golf Course, Personal Services, Commercial Services); By Voltage Rating (6V, 8V, 12V); By Country (Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, Netherlands, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: August 2023
  • Report ID: BWC23678
  • Available Format: PDF
  • Page: 200

Report Overview

Increasing demand for electric golf carts and advancements in battery technology are expected to boost the growth of Europe golf cart batteries market during the forecast period between 2023 and 2029.

Europe Golf Cart Batteries Market - Industry Trends & Forecast Report, 2029

Europe golf cart batteries market size was estimated to be worth USD 29.87 million in 2022. During the forecast period between 2023 and 2029, the Europe golf cart batteries market size is projected to grow at a CAGR of 6.50%, reaching a value of USD 46.42 million by 2029. Major growth factors for the Europe golf cart batteries market include the increasing popularity of golf as a sport as well as a social event along with improving battery technology such as the launch of lithium-ion batteries. Furthermore, the rising number of golf courses as a result of its rising popularity among the younger demographic is anticipated to fuel the Europe golf cart batteries during the forecast period.

Europe Golf Cart Batteries Market

Europe Golf Cart Batteries Market – Overview

The golf cart's battery is a necessary piece of equipment, as a golf cart cannot operate without batteries. One of the most typical battery types to be found in a golf cart is the flooded lead-acid battery. These batteries make use of thick plates, sizable separators, and paste material with a high density. Golf carts need many batteries to provide the required voltage and amperage, therefore size and power requirements are important characteristics for a replacement. Multiples of 6V, 8V, or 12V batteries are used in golf carts instead of a single battery.

Europe Golf Cart Batteries Market

Growth Drivers

Increasing Demand for Electric Golf Carts

Electric golf carts are gaining immense popularity among European consumers as they are eco-friendly and produce no emissions at all. Furthermore, the launch of lithium ion batteries further proliferated the demand for electric golf carts in the market. There is no need to wipe acid residue from the connections or add water to lithium golf cart batteries because they require no maintenance. Modern electric golf carts are more sophisticated and have longer ranges than older models. Electric golf carts now have ranges of up to 60 miles on a single charge.

Restraints

High Initial Cost of Electric Golf Carts and Batteries

A new golf cart typically costs between USD 5,000 and USD 7,500. A golf cart whose design is in high demand will have a price that is set in line with that demand. In areas where there is a waiting list or restricted supply, golf carts are expensive because they are not often mass-produced. Further restricting market expansion is the expensive cost of lithium-ion batteries. Compared to the same weight of lead, the price of raw lithium is around seven times higher, but unlike lithium batteries, practically all lead-acid batteries are recycled.  

Impact of COVID-19 on Europe Golf Cart Batteries Market

The COVID-19 pandemic negatively impacted the Europe golf cart batteries market. All outdoor activities, including golf, were barred under lockdown in several European countries including France, Germany, the United Kingdom, and Russia. Furthermore, restrictions on the manufacturing and supply chains of the golf cart and its batteries directly influenced the market growth and incurred huge losses to the industry players. However, the market is anticipated to gain traction in the post-COVID-19 period as several studies revealed that gold serves as an excellent physical and psychological activity for patients who have overcome COVID.

Europe Golf Cart Batteries Market

Segmental Coverage

Europe Golf Cart Batteries Market – By Battery Type

Based on battery type, the Europe golf cart batteries market is split into lithium and lead acid segment. The lead acid battery segment accounted for a higher market share. However, the lithium battery type is anticipated to witness the highest growth during the forecast period. They offer higher charge levels than other battery technologies and have a higher voltage. Lithium-ion golf cart batteries can last ten to twenty years with adequate maintenance, compared to the two to five years lead-acid golf cart batteries survive under regular use.

Europe Golf Cart Batteries Market Share

Europe Golf Cart Batteries Market – By Application

Based on application, the Europe golf cart batteries market is segmented into golf courses, personal services, and commercial services. The golf course segment holds the largest share in the Europe golf cart batteries market and is projected to register the highest growth rate during the forecast period as well. The growth of this segment is mainly attributed to the high number and increasing construction of golf courses in the region. According to Golf Monthly, with 23% of all golf courses worldwide, Europe is the second-largest regional contributor after North America. At the time of R&A's Golf Around the World 2019 release, Europe had a total of 8,940 courses, with 151 still being developed.

Europe Golf Cart Batteries Market – By Voltage Rating

Based on voltage rating, the Europe golf cart batteries market is segmented into 6V, 8V, and 12V. The 6V voltage rating accounts for the highest share in the market. Golf cart batteries at 6 volts are renowned for having a large range and a lengthy run time. A cart powered by 6-volt batteries can run at 56 amps for 164 minutes. 6V batteries weigh less because their cells have half as many plates. They also have the lowest discharge depth, which plays a crucial factor in their market growth.

Europe Golf Cart Batteries Market – By Region

The Europe golf cart batteries market covers a number of specific markets across the following major countries: Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, Netherlands, and Rest of Europe. Ireland dominates the Europe golf cart batteries market owing to its wide popularity in the country and a rising number of golfers. According to the 2021 Ireland Golf Participation Report, The overall number of adult golfers on a full-length course (9 or 18 holes) increased slightly from 540,000 to 543,000. Female golfers now make up 21% of all golfers (up from 70,000 to 111,000).

Competitive Landscape

Major players operating in the European golf cart batteries market include Trojan Battery Company, Exide Technologies, EnerSys, Crown Battery, East Penn Manufacturing, U.S. Battery Manufacturing, Johnson Controls Inc. (VARTA), Leoch Battery, Hoppecke Batteries, Banner Batteries, Accutronics Ltd, TAB Batteries, Haze Batteries, Rolls Battery Engineering, and NorthStar Battery.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period– 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, Netherlands, Rest of Europe

Product/ Service Segmentation

Battery Type, Application, Voltage Rating, Country

Key Players

Trojan Battery Company, Exide Technologies, EnerSys, Crown Battery, East Penn Manufacturing, U.S. Battery Manufacturing, Johnson Controls Inc. (VARTA), Leoch Battery, Hoppecke Batteries, Banner Batteries, Accutronics Ltd, TAB Batteries, Haze Batteries, Rolls Battery Engineering, NorthStar Battery

 

 

By Battery Type

  • Lithium

  • Lead Acid

By Application

  • Golf Course

  • Personal Services

  • Commercial Services

By Voltage Rating

  • 6V

  • 8V

  • 12V

By Country

  • Germany

  • United Kingdom

  • Italy

  • France

  • Spain

  • Belgium

  • Russia

  • Netherlands

  • Rest of Europe

  1. Research Framework
    1. Research Objective
    2. Technology Overview
    3. Market Segmentation
  2. Executive Summary
  3. Europe Golf Cart Batteries Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing Demand for Electric Golf Carts
        2. Advancements in Battery Technology
        3. Government Initiatives and Incentives for Electric Vehicles
      2. Restraints
        1. High Initial Cost of Electric Golf Carts and Batteries
        2. Limited Range and Charging Infrastructure
      3. Opportunities
        1. Development of Fast-Charging Solutions
        2. Customization and Value-Added Services
      4. Challenges
        1. Battery Disposal and Recycling Challenges
        2. Intense Market Competition Among Battery Manufacturers
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Europe Golf Cart Batteries Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share and Forecast
      1. By Battery Type
        1. Lithium
        2. Lead Acid
      2. By Application
        1. Golf Course
        2. Personal Services
        3. Commercial Services
      3. By Voltage Rating
        1. 6V
        2. 8V
        3. 12V
      4. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Belgium
        7. Russia
        8. Netherlands
        9. Rest of Europe
  5. Germany Golf Cart Batteries Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Battery Type
      2. By Application
      3. By Voltage Rating
  6. United Kingdom Golf Cart Batteries Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Battery Type
      2. By Application
      3. By Voltage Rating
  7. Italy Golf Cart Batteries Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Battery Type
      2. By Application
      3. By Voltage Rating
  8. France Golf Cart Batteries Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Battery Type
      2. By Application
      3. By Voltage Rating
  9. Spain Golf Cart Batteries Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Battery Type
      2. By Application
      3. By Voltage Rating
  10. Belgium Golf Cart Batteries Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Battery Type
      2. By Application
      3. By Voltage Rating
  11. Russia Golf Cart Batteries Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Battery Type
      2. By Application
      3. By Voltage Rating
  12. Netherlands Golf Cart Batteries Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Battery Type
      2. By Application
      3. By Voltage Rating
  13. Rest of Europe Golf Cart Batteries Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Battery Type
      2. By Application
      3. By Voltage Rating
  14. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Europe Golf Cart Batteries Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  15. Impact of Covid-19 on Europe Golf Cart Batteries Market
  16. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Trojan Battery Company
    2. Exide Technologies
    3. EnerSys
    4. Crown Battery
    5. East Penn Manufacturing
    6. U.S. Battery Manufacturing
    7. Johnson Controls Inc. (VARTA)
    8. Leoch Battery
    9. Hoppecke Batteries
    10. Banner Batteries
    11. Accutronics Ltd.
    12. TAB Batteries
    13. Haze Batteries
    14. Rolls Battery Engineering
    15. NorthStar Battery
    16. Other Prominent Players
  17. Key Strategic Recommendations
  18. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

 

List of Figures

 

Figure 1       Europe Golf Cart Batteries Segmentation

Figure 2       Europe Golf Cart Batteries Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Europe Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Figure 5       Europe Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Figure 6       Europe Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Figure 7       Europe Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Figure 8       Germany Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Figure 9       Germany Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Figure 10     Germany Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Figure 11     Germany Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Figure 12     United Kingdom Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Figure 13     United Kingdom Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Figure 14     United Kingdom Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Figure 15     United Kingdom Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Figure 16     Italy Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Figure 17     Italy Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Figure 18     Italy Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Figure 19     Italy Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Figure 20     France Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Figure 21     France Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Figure 22     France Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Figure 23     France Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Figure 24     Spain Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Figure 25     Spain Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Figure 26     Spain Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Figure 27     Spain Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Figure 28     Belgium Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Figure 29     Belgium Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Figure 30     Belgium Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Figure 31     Belgium Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Figure 32     Russia Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Figure 33     Russia Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Figure 34     Russia Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Figure 35     Russia Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Figure 36     The Netherlands Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Figure 37     The Netherlands Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Figure 38     The Netherlands Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Figure 39     The Netherlands Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Figure 40     Rest of Europe Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Figure 41     Rest of Europe Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Figure 42     Rest of Europe Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Figure 43     Rest of Europe Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

 

List of Tables

Table 1        Europe Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Table 2        Europe Golf Cart Batteries Market Size, By Battery Type, By Value, 2019–2029

Table 3        Europe Golf Cart Batteries Market Size, By Application, By Value, 2019–2029

Table 4        Europe Golf Cart Batteries Market Size, By Voltage Rating, By Value, 2019–2029

Table 5        Germany Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Table 6        Germany Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Table 7        Germany Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Table 8        Germany Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Table 9        United Kingdom Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Table 10      United Kingdom Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Table 11      United Kingdom Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Table 12      United Kingdom Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Table 13      Italy Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Table 14      Italy Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Table 15      Italy Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Table 16      Italy Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Table 17      France Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Table 18      France Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Table 19      France Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Table 20      France Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Table 21      Spain Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Table 22      Spain Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Table 23      Spain Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Table 24      Spain Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Table 25      Belgium Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Table 26      Belgium Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Table 27      Belgium Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Table 28      Belgium Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Table 29      Russia Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Table 30      Russia Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Table 31      Russia Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Table 32      Russia Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Table 33      The Netherlands Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Table 34      The Netherlands Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Table 35      The Netherlands Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Table 36      The Netherlands Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Table 37      Rest of Europe Golf Cart Batteries Market Size, By Value (USD Million), 2019–2029

Table 38      Rest of Europe Golf Cart Batteries Market Share, By Battery Type, By Value, 2019–2029

Table 39      Rest of Europe Golf Cart Batteries Market Share, By Application, By Value, 2019–2029

Table 40      Rest of Europe Golf Cart Batteries Market Share, By Voltage Rating, By Value, 2019–2029

Table 41      Trojan Battery Company Company Overview

Table 42      Trojan Battery Company Financial Overview

Table 43      Exide Technologies Company Overview

Table 44      Exide Technologies Financial Overview

Table 45      EnerSys Company Overview

Table 46      EnerSys Financial Overview

Table 47      Crown Battery Company Overview

Table 48      Crown Battery Financial Overview

Table 49      East Penn Manufacturing Company Overview

Table 50      East Penn Manufacturing Financial Overview

Table 51      U.S. Battery Manufacturing Company Overview

Table 52      U.S. Battery Manufacturing Financial Overview

Table 53      Johnson Controls Inc. (VARTA) Company Overview

Table 54      Johnson Controls Inc. (VARTA) Financial Overview

Table 55      Leoch Battery Company Overview

Table 56      Leoch Battery Financial Overview

Table 57      Hoppecke Batteries Company Overview

Table 58      Hoppecke Batteries Financial Overview

Table 59      Banner Batteries Company Overview

Table 60      Banner Batteries Financial Overview

Table 61      Accutronics Ltd. Company Overview

Table 62      Accutronics Ltd. Financial Overview

Table 63      NorthStar Battery Company Overview

Table 64      NorthStar Battery Financial Overview

Table 65      Other Prominent Players Company Overview

Table 66      Other Prominent Players Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: The 6V segment held the highest Market share in the Europe Golf Cart Batteries Market by voltage rating.
Ans: Major factors driving the growth of Europe Golf Cart Batteries Market include advancements in battery technology and government initiatives and incentives for electric vehicles.
Ans: Europe Golf Cart Batteries Market size was estimated at USD 29.87 million in 2022.
Ans: Europe Golf Cart Batteries market is expected to grow at a CAGR of 6.5% during the forecast period between 2023 and 2029.
Ans: Key players in Europe Golf Cart Batteries Market include Trojan Battery Company, Exide Technologies, EnerSys, Crown Battery, East Penn Manufacturing, U.S. Battery Manufacturing, Johnson Controls Inc. (VARTA), Leoch Battery, Hoppecke Batteries, Banner Batteries, Accutronics Ltd, TAB Batteries, Haze Batteries, Rolls Battery Engineering, and NorthStar Battery.