January 19, 2021

Bicycle Brake Components Market is anticipated to expand at a healthy CAGR of 7% during the 2020-2030

NEW YORK, Oct. 8, 2020 /PRNewswire/ —┬áRapidly develop cycling and e-bike infrastructure on a large scale and encouraging of cycling via pricing policies and information campaigns to proliferate are expected to increase the procurement rate of bicycles over the coming years. Subsequently, this will lead to the ascending demand for bicycle brake components.

As per PMR analysis, the global bicycle brake components market is anticipated to expand at a healthy CAGR of 7% during the forecast period of 2020-2030.

Key Takeaways from Bicycle Brake Components Market Study

  • The adoption of cycling as a part of healthy lifestyle will have a considerable impact on the environment as well, and is expected to save trillions of dollars over next couple of decades.

PMR forecasts that, there will be a rather sound bicycle fleet growth rate in economies such as Europe, the U.S, and China, with key emphasis on

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Hitachi Automotive Systems Has New Automated Parking Brake

TOKYO, Oct 7, 2020 – (JCN Newswire) – Hitachi Automotive Systems, Ltd. is introducing a new heavy-duty automated parking brake (APB HD) especially designed for pickup trucks, vans, SUVs and light commercial vehicles.

Developed by the company’s Brake Business Unit in Europe, the new brake system already has gone into production in North America and Europe. Several Hitachi Automotive Systems customers have introduced the new brake system on new vehicles in September in Europe and October in North America. The brake system will go into production in the Asia-Pacific region in 2021.
Automated parking brakes account for more than 25 percent of the global market for parking brakes and their popularity continues to grow. With its acquisition last year of Chassis Brakes International, Hitachi Automotive Systems is now the third largest supplier of automated parking brakes worldwide based on the company’s analysis of the market.

The new brake system is

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