"Catapult Your Business to Fore, Gain Competitive Advantage "

Tire Shredder Market Size, Share & Industry Analysis, By Type (Electrical Tire Shredder, Hydraulic Tire Shredder), By Application (Shredding of Rubber Tires, Shredding of Radial Tires) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI106090 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

A tire shredder is a piece of equipment that shreds used/crumb tires to achieve the required result. Tire shredders are classified into two categories based on its working drive: hydraulic and electrical tire shredders. Shear shredders, chippers, grinders, granulators, specialized shredders, and more types of tire shredders are available. It is a recycling process of repurposing tires that are no longer fit for use in automobiles owing to wear or irreversible damage. It is also utilized to shred the tires into granular forms to make the recycling process easier.


The huge amount of tires produced, the tire's longevity, and the tire's environmental impact are all problematic components in the tire, making it a difficult source of trash. Due to the tire's great durability and lack of biodegradability, valuable landfill space may be wasted. Therefore, the rising awareness about environmental conservation, tire recycling has become a top priority. Also, one of the most significant waste sources is worn-out tires & tire recycling is required to combat this waste.

Due to the various local and international companies, the tire shredder industry may be considered extremely fragmented. Furthermore, the recycling of tires as a result of energy and natural conservation initiatives enforced by various regional governments has driven the tire recycling process equipment industry, including tire shredders. Apart from core rubber, additional by-products such as steel, wire-free chips, rubber & so on are obtained from tire shredding and may be utilized fuel additive or as fuel feedstock.

This lucrative opportunity has also prompted waste recycling companies to sell the by-products of old tires to external energy production agencies, whose market expansion has been aided by the installation and operation of tire shredders. Furthermore, the tire shredder's final products have a wide range of applications, including civil engineering, shoe manufacture, and other sustainable landscaping outlets. Additionally, Owing to the normal lifespan of an automotive tire being 4-5 years and the high expense of new tire acquisition, independent aftermarket companies are now providing recycled tires at low prices.

This goal is being met with the aid of a tire shredder, which is an important piece of equipment in the recycling process. This will create new growth opportunities for use of tire shredders in upcoming years. However, with tire manufacturers focusing on producing durable tires with a long life-cycle, the rate of tire shredding may be offset, acting as a restriction for the global tire shredder industry.

Up Arrow

Key Market Driver -

• Initiative Of Energy And Natural Conservation, Which Being Mandated At Several Regional Governments

Down Arrow

Key Market Restraint -

• Manufactures Focusing On To Manufacturing Durable Tires Having Long Life-Cycle, May Offset The Rate Of Tire Shredding


Key Players Covered:


The key manufacturers who are holding their position in global tire shredder market are Granutech-Saturn Systems, SSI Shredding System, Shred-Tech®, Northern California Compactors, Inc., ABB AB, CM Shredder, SMS Hydrotech, Tire Shredder Unlimited, Fabtex Engineering Works, Idea Holding Limited, Recycling Equipment, Inc., Spadone-Hypex, Inc., Weima America Inc., ACS Group, Lakin General Corp., CD Systems, Inc. and among others.

Regional Analysis:


North America market is anticipated to witness major growth due to the rising awareness about environmental conservation. The rise in population in the region is expected to create more opportunities which could be help in the growth of regional market. Additionally, due to the country's growing need for light commercial vehicles (LCV) is leading to high demand of tire shredders in the United States. Furthermore, manufacturer’s focus on developing the range of product and rising the customer base along with increase in business development activities may boost the tire shredder market.

Europe region is showing a tremendous growth in the market, owing to the increase in the usage of technology. In terms of vehicle tire consumption, this region has crossed millions units and is likely to expand at a strong CAGR in the near future, making it a key platform for the tire shredder industry. The increasing adoption of tire shredders in Europe is also owing to required efforts done by developed and developing nations in the area, like R3 Model, REACH & Carbon Footprint Reduction Mission.

Asia Pacific region is projected witness huge growth in this market in forecast period owing rapid growth in industrialization. Furthermore, due to the existence of most aftersales tire producers, China and India are the most opportunistic nations in the tire shredder industry, and can be classified as rising markets in years to come. In the addition, Japan has also been a pioneer in tire recycling, with a large number of tire shredders built around the country. Manufacturers are also emphasizing more developing more environmental friendly shredders. Furthermore, the surging of recycling processes is expected to increase the use of tire shredders in near future.

Middle East & Africa region expected to depict a strong growth. As waste management & recycling process is also rising in the region, therefore tire shredders are expected witness boost in the market. In the addition, key players are focusing to set-up a unit in these countries, which will eventually lead to rapid growth in industrialization in this region.

To gain extensive insights into the market, Request for Customization


Segmentation






















  ATTRIBUTE

  DETAILS

By Type



  • Electrical Tire Shredder

  • Hydraulic Tire Shredder



By Application



  • Shredding of Rubber Tires

  • Shredding of Radial Tires



By Region



  • North America (U.S., Canada and Mexico)

  • Europe (U.K., Germany, Spain, Italy, France, Benelux, Nordics and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania and Rest of Asia Pacific)

  • Middle East & Africa (Israel, Turkey, GCC, North Africa, South Africa and Rest of the Middle East & Africa)

  • South America (Brazil, Argentina and Rest of South Africa)



Key Industry Developments –



  • In February 2020: SSI Shredder Systems, launched SSI’s SmartFeed™. This technology is a patented method of controlling dual drive shredders in a way that optimizes processing of the material feeding into the cutters. SmartFeed™ is available on a wide range of Dual-Shear®, Tri-Shear™, and Quad® shredders to efficiently shred previously “impossible to process” materials.

  • In July 2020: SHRED-TECH introduced The MDV-1; Mobile Digital Data Destruction Vehicle. This MDV-1 vehicle can shred up to 600 hard drives or up to 900 solid state drives per hour and ensures destruction of your customers’ hard drives and sensitive information on the spot. The ST-5 shredder is electronically interlocked for safety and ease of operation.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Machinery & Equipment Clients

Krones
Siemens
Daikin
Honda
BASF

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X