Tire Shredder Market Research Report By Shredding Capacity (Less than 1 Ton/Hour, 1-5 Tons/Hour, 5-10 Tons/Hour, Above 10 Tons/Hour), By Shredder Type (Single-Shaft Shredders, Double-Shaft Shredders, Four-Shaft Shredders), By Shredded Material Size (Less than 1 Inch, 1-2 Inches, 2-4 Inches, Above 4 Inches), By End-Use Industry (Tire Recycling, Construction, Agriculture, Other Industries) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Tire Shredder Market Overview:

As per MRFR analysis, the Tire Shredder Market Size was estimated at 2.01 (USD Billion) in 2022. The Tire Shredder Market Industry is expected to grow from 2.12(USD Billion) in 2023 to 3.5 (USD Billion) by 2032. The Tire Shredder Market CAGR (growth rate) is expected to be around 5.71% during the forecast period (2024 - 2032).

Key Tire Shredder Market Trends Highlighted

Tire shredders witness a surge in demand due to escalating environmental awareness, stringent regulations on tire disposal, and the growing adoption of sustainable waste management practices. Governments worldwide are implementing stricter environmental regulations, mandating the proper disposal and recycling of tires to minimize their environmental impact. This has led to an increase in the establishment of tire recycling plants, driving the demand for tire shredding equipment. 

Additionally, the rising popularity of recycled rubber in various applications, such as construction materials, sports surfaces, and industrial products, creates lucrative opportunities for tire shredder manufacturers. Furthermore, technological advancements in tire shredding technology, such as the development of high-capacity and energy-efficient shredders, further contribute to the market's growth.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Tire Shredder Market Drivers

Increasing Demand for Recycled Rubber Products

The demand for recycled rubber products has been growing consistently as more attention and regulations appear in waste management. Tire shredders enable the transformation of wasted tires into essential raw materials for industrial application. For example, recycled rubber is used in urban agriculture, such as rubber mulches for cultivating soil and protecting plants or silage storage bags. At the same time, the demand for recycled rubber is boosted by the increase in the production of new tires, rubber mats of different types, flooring, and automotive parts, such as rubber boots[].In such a way, the growing demand for recycled rubber products is likely to fuel the development of the Global Tire Shredder Market Industry.

Growing Awareness of Tire Waste and Environmental Regulations

Governments worldwide are becoming more stringent about waste tires as they promote their sustainable waste management. Landfills and illegal dumping of waste tires remain the most significant environmental threats and severely contaminate soil and water. The good environmental solution to cope with waste tires available at the moment is tire shredders. The demand for appropriate machines will only rise as the awareness of the question and harsher regulations increase.

Technological Advancements and Innovation

The development of technology has significantly contributed to the emergence of tire shredders, increasing their efficiency and effectivity. New production solutions involve the application of automated feeding and material throughputs, in-built or add-on blades of high performance, as well as increased control units. However, manufacturers are also focused on creating less energy-intensive and light-noise-exhausting technologies. The further application of new technologies is expected to drive the Global Tire Shredder Market Industry.

Tire Shredder Market Segment Insights:

Tire Shredder Market Shredding Capacity Insights

Less than 1 ton/hour This segment is mainly driven by the surging preference for mobile tire shredders. People are increasingly recruiting specialized professionals for tire recycling, as they do not have the devices available. The less than 1 ton/hour tire shredder is generally small, lightweight, and simple to relocate to various recycling sites. Consequently, it is primarily used by small to medium tire recycling companies. However, the aforementioned segment can expand by a CARG of 4.8% and create approximately 0.5 billion USD of market revenue by 2024. 1-5 tons/hour This part held over 40% of the market share in 2023 and, thus, is likely to sustain leadership throughout the forecast period. 

The prevalent subcategory of tire shredders with minimized capacities exceeding one ton/hour is gaining momentum nowadays, as it is successfully utilized by small to medium-sized tire recycling plants. In 2024, the global tire shredder market is expected to advance and generate approximately 1.2 billion USD of income in this segment. The CAGR is conjectured to be 5.5%. 5-10 tons/hour Up to this moment, the 5-10 tons/hour segment remained in second place in terms of market shares.However, the market is constantly changing, and by 2024, it is poised to generate about 0.7 billion USD of global income. It is going to expand by an average of 5.2%. Above 10 tons/hour, The growing demand for high-capacity tire shredders shows an upward trend among large tire recycling plants. Consequently, the segment is projected to grow by nearly 5.9%and by the end of 2024 is anticipated to generate 1.1 billion USD of total income.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Tire Shredder Market Shredder Type Insights

The Shredder Type segment Global Tire Shredder Market is segmented into Single-Shaft Shredders, Double-Shaft Shredders, and Four-Shaft Shredders. The double-shaft Shredders segment held the largest market share, reflecting over 45% of the Global Tire Shredder Market revenue. The growth of this segment is attributed to the increasing utilization of double-shaft shredders in tire recycling facilities across the globe, as they provide high efficiency in the shredding process, offer great reliability, and can easily handle a large volume of tires without frequent stops for cleaning and maintenance.The Single-Shaft Shredders segment is projected to have a steady growth rate during the forecast period due to their low cost of purchase and maintenance. The Four-Shaft Shredders segment is also projected to have a moderate growth rate because it is usually used for a specific application in which high torque and size reduction accuracy are required.

Tire Shredder Market Shredded Material Size Insights

The Global Tire Shredder Market segmentation by Shredded Material Size includes 'Less than 1 Inch', '1-2 Inches', '2-4 Inches', and 'Above 4 Inches'. The '1-2 Inches' segment held the largest market share in 2023, owing to its wide usage in various applications such as rubber mulch for playgrounds, sports fields, and landscaping. The 'Less than 1 Inch' segment is projected to witness the highest growth rate during the forecast period 2024-2032 due to increasing demand for fine rubber powder in tire recycling processes and manufacturing of new rubber products.The '2-4 Inches' and 'Above 4 Inches' segments are also expected to contribute significantly to the overall market growth, driven by their applications in construction materials, road paving, and civil engineering projects.

Tire Shredder Market End-Use Industry Insights

The Tire Shredder Market is segmented by end-use industry into tire recycling, construction, agriculture, and other industries. The tire recycling segment is expected to hold the largest market share during the forecast period due to the increasing adoption of tire recycling practices to reduce environmental pollution and conserve natural resources. The construction segment is expected to witness significant growth due to the rising demand for shredded tires as lightweight and durable materials in construction applications. The agriculture segment is also expected to grow due to the use of shredded tires as soil amendments and mulching materials.Other industries, such as manufacturing and energy, are also expected to contribute to the growth of the Tire Shredder Market.

Tire Shredder Market Regional Insights

The regional segmentation of the Global Tire Shredder Market provides insights into the market's geographic distribution and growth potential. North America held a significant market share in 2023 and is projected to maintain its dominance throughout the forecast period. The region's robust automotive industry and stringent environmental regulations drive the demand for tire shredders. Europe follows North America in terms of market size, driven by the presence of major automotive manufacturers and increasing awareness about waste management. The Asia-Pacific region is expected to witness the fastest growth during the forecast period due to the growing automotive sector and urbanization.South America and the Middle East and Africa (MEA) are relatively smaller markets but offer growth potential due to increasing infrastructure development and government initiatives promoting waste recycling.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Tire Shredder Market Key Players And Competitive Insights:

Innovations in shredding technology advance major players’ products in the Tire Shredder Market. Advanced technology-based tire shredders are developed by leading companies to provide high efficiency and productivity to their customers. Control systems are integrated with advanced features and safety in leading tire shredder manufacturing companies. Development in the Tire Shredder Market is fuelled by the emerging awareness of environmental sustainability and the increased need for tire recycling. Strict regulations regarding waste disposals created a need for reliable tire shredders, driving the Tire Shredder Market development. 

The Competitive Landscape of Tire Shredder Market is fairly fragmented, with major market players obtaining a significant market share. However, innovative start-ups in the market develop their products that foster market growth and challenge the market leaders. The further consolidation of the industry and the emergence of new strategic partnerships in the Tire Shredder Market are expected as companies seek to grow their global presence.

Vecoplan AG is a major player in the Tire Shredder Market, offering highly advanced shredding equipment able to handle all types of tires. The company is known for its advanced cutting technology, providing highly efficient shredding equipment capable of reducing the size of tires. Vecoplan AG is a customer-focused company with Tire Shredder equipment serving clients across various industries. The company provides sustainability with its high-tech equipment providing innovative solutions to the Tire Shredder Market.

Eldan Recycling is another major player in the Tire Shredder Market that specializes in designing and manufacturing innovative, advanced tire Shredder equipment. The company’s products are designed and developed for the purpose of handling large quantities of tires. Eldan Recycling focuses on providing customized design solutions to its customers to meet their specific needs. High-capacity tire shredding equipment is used by the company’s customers for tire recycling, waste-to-energy applications, and other purposes. The company’s dedication to innovation in the shredding industry creates a strong reputation in the Tire Shredder Market.

Key Companies in the Tire Shredder Market Include:

• Untha Recycling


• Vecoplan


• Tire Recycling Solutions


• Metso Outotec


• Lindner Recyclingtech


• Arjes


• ShredTech


• Eldan Recycling


• Terex Ecotec


• Komptech


• Eriez


• Continental Biomass Industries


• SSI Shredding Systems


• Genesis Attachments

Tire Shredder Market Industry Developments

The global tire shredder market is projected to grow from USD 2.12 billion in 2023 to USD 3.5 billion by 2032 at a CAGR of 5.71%. Increasing demand for recycled rubber from various industries, including automotive, construction, and consumer goods, is driving market growth. Stringent government regulations on tire disposal and the rising popularity of green initiatives are further contributing to market expansion. Key industry players are focusing on developing innovative technologies to improve shredder efficiency and reduce environmental impact. 

Recent developments include the introduction of AI-powered shredders that optimize performance and minimize waste. The growing adoption of tire recycling programs by governments and municipalities is also expected to drive market growth in the coming years.

Tire Shredder Market Segmentation Insights

Tire Shredder Market Shredding Capacity Outlook

• Less than 1 Inch


• 1-2 Inches


• 2-4 Inches


• Above 4 Inches

Tire Shredder Market End-Use Industry Outlook

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  North America
  
  


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  Europe
  
  


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  South America
  
  


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  Asia Pacific
  
  


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  Middle East and Africa