1. Market Trends
- Rising Demand for Personal & Commercial Use: Golf carts are increasingly used in resorts, gated communities, universities, airports, and industrial facilities beyond golf courses.
- Shift to Lithium Batteries: More golf carts are transitioning from lead-acid to lithium due to longer lifespan, lightweight design, and fast charging.
- Electric Golf Carts Growth: The push for eco-friendly transportation is driving higher adoption of electric over gas-powered carts.
2. Market Size & Growth
- U.S. Golf Cart Market: Expected to grow at 5-7% CAGR through 2030.
- Lithium Golf Cart Battery Market: Estimated to surpass $1 billion by 2028, fueled by rising EV trends.
3. Market Distribution
- Key Regions: Demand is highest in Florida, California, Arizona, and Texas, driven by golf tourism and retirement communities.
- Commercial vs. Residential: Commercial fleet sales dominate, but residential golf cart ownership is expanding.
4. Major Golf Cart Brands
- Club Car – A premium manufacturer with strong lithium integration.
- EZ-GO (Textron) – Offers both lead-acid and lithium models.
- Yamaha – Known for innovative, quiet electric golf carts.
5. Top Golf Cart Lithium Battery Brands
- RoyPow – A major lithium battery supplier specializing in drop-in replacements.
- ECO Battery – Popular for performance-focused lithium solutions.
- BOLT Energy – Offers durable and high-power lithium options.
- Allied Battery – Provides plug-and-play lithium upgrades.
- HHS Energy – A leading OEM supplier, manufacturing batteries for several brands, enabling businesses to create their own golf cart battery lines.
Conclusion
The U.S. golf cart market is rapidly shifting toward lithium power, with demand growing in both commercial and personal sectors. Brands like HHS Energy are playing a critical role as behind-the-scenes manufacturers for major suppliers.
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