Market Researchers See Continued Growth On Electric, Battery Powered Golf Cars Through 2026
According to a market analysis by consulting and marketing research firm, Future Market Insights, the golf car market is expected to be positive for the long-term, with electric golf cars having the highest anticipated compound annual growth rate of 6.4 percent through 2026. (Global Industry Analysis and Opportunity Assessment 2016-2026 ).
According to the research, the growth is due to the electric golf car as internal transportation for developing countries, as well as private clubs, golf-centric real estate developments, the travel tourism industry which is expected to include new construction of resorts and golf courses.
Golf Car Options Magazine also published the research, but they suspect that this expected growth of the global golf car market will be challenged with the maintenance of lead-acid batteries, claiming that they are also less efficient and require frequent charging. While battery maintenance is essential for optimum performance in electric golf cars, items such as single point watering systems, Sense Smart Valves and proper charging techniques, can dramatically reduce maintenance and extend battery life. In addition, flooded lead-acid batteries have the benefit of being recycled at a rate of 99 percent, with the recycled lead going back into new golf car batteries in a closed-loop system.
The report goes on to say that electric powered golf cars are expected to continue to dominate the market in terms of value over the forecast period.