Press release
Global Brake Wear Indicator Market to Witness a Pronounce Growth During 2023
This report studies the Brake Wear Indicator market. A Brake wear indicator is used to warn the user and/or owner of a vehicle that the brake pad is in need of replacement. The main area of use for this is on motor vehicles with more than three wheels. However brake wear indicators are also useful for brake pads in industrial applications, including wind turbines and cranes.
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Global Brake Wear Indicator Market: Forecast by Type / Application / Region
The global average price of brake wear indicator is in the decreasing trend, from 6.40 USD/Unit in 2012 to 5.95 USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of brake wear indicator includes electrical indicator and audible indicator, and the sales proportion of electrical indicator in 2016 is about 53%, and the proportion is in increasing trend from 2012 to 2016.
Over the next five years, LPI(LP Information) projects that Brake Wear Indicator will register a 3.6% CAGR in terms of revenue, reach US$ 860 million by 2023, from US$ 690 million in 2017.
Global Brake Wear Indicator Market: Key Players
Federal Mogul
BOSCH
Delphi
WABCO
FTE
Brembo
TRW
CAT
Standard
SADECA
Continental
NUCAP
ACDelco
DMA
JURID
Meyle
Bendix
Herth+Buss
Prettl
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Related Information:
United States Brake Wear Indicator Market Research Report 2018
Europe Brake Wear Indicator Market Research Report 2018
North America Brake Wear Indicator Market Research Report 2018
Asia-Pacific Brake Wear Indicator Market Research Report 2018
China Brake Wear Indicator Market Research Report 2018
EMEA Brake Wear Indicator Market Research Report 2018
Global Brake Wear Indicator Market Research Report 2018
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