Europe Tire Shredder Market

Europe Tire Shredder Market Outlook (2023-2033)

The Europe Tire Shredder Market size is set to reach US$ 454.9 million in 2023 and is projected to grow at a CAGR of 4.1% to reach US$ 680.9 million by the end of 2033.

One of the most popular developments in the automobile business is tire recycling, which is carried out by independent aftermarket vendors and tire manufacturers. For the convenience of chemical processing in the following step of tire recycling, it is necessary to shred the bulk tire into smaller fragments or a granular form.

Report Attributes	Details
Market Size (2022A)	US$ 435.9 Million
Estimated Market Value (2023E)	US$ 454.9 Million
Forecasted Market Value (2033F)	US$ 680.9 Million
Europe CAGR (2023-2033)	4.1%
Germany Market Size (2033)	US$ 177.0 Million
Germany Growth Rate (2023-2033)	~4.5%
UK Market Size by End of Forecast Period(2033)	US$ 108.9 Million
France Market Size (2033)	US$ 122.5 Million
Key Companies Profiled	Enerpat Group Granutech-Saturn Systems SSI Shredding System Shred-Tech CM Shredder

Historic Impact (2018-22) Vs Future Trends (2023-33)

Energy and conservation initiatives mandated by several local governments have led to tire recycling and are driving the market for tire recycling process equipment, including tire shredders. In addition to producing core rubber from tire shredding, there are by-products such as wire-free chips, steel, and rubber that can be used as fuel feedstocks or fuel additives. This lucrative opportunity has prompted waste recyclers to sell their waste tire by-products, driving market growth through the installation and operation of tire shredders.

• Short Term Viewpoint (2023 to 2026): Increasing Research and development activities will drive the market growth in the short-term.
• Medium Term Aspect (2026-2029): The innovative technologies in the market is likely to translate into considerable growth of the tire shredder market during the forecast year
• Long Term Panorama (2029-2033): The initiative of energy and nature conservation, which is mandated by several governments has led to the recycling of tires thus driving the tire recycling process equipment market

Over the historical period of 2018-23, the Europe tire shredder market registered a CAGR of 3.5%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 4.1% CAGR between 2023 and 2033.

Market share analysis of tire shredders based on operating drive and countries is provided in a nutshell in the above image. Under the operating drive segment, electrical tire shredders are dominating the market with a market share of 53.0%.

What is the major factor driving the market growth?

The market for tire recycling process equipment, including tire shredders, is being driven by the initiative of energy and nature conservation that is required by numerous regional governments. Other by-products from tire shredding, such as rubber, steel, wire-free chips, and others, can be used as fuel feedstock or fuel additives.

Due to the 4-5 year average lifespan of car tires and the high cost of new tire procurement, independent aftermarket companies now provide recycled tires at low prices. Tire shredders, which are essential pieces of recycling equipment, help to achieve this goal.

Additionally, tire producers themselves can buy used tires and recycle them, reducing their need for raw materials like rubber and significantly lowering their production overhead costs.

What is the major challenge that manufacturers need to watch out?

With numerous growth opportunities on the horizon, many factors may hinder the growth of the tire shredder market. Today's tire manufacturers produce tires with excellent durability and long life. This aspect leads to low demand for tire shredders, which ultimately limits the growth opportunities of the tire shredder market.

Country-wise Insights

Will Germany continue being a significant market for tire shredders?

Amongst the countries mentioned in the market scope, Germany is expected to be the flag bearer of market growth, owing to the presence of a large number of tire shredder users, and the market is expected to reach US$ 177.0 Mn by the forecast year 2033.

The region's industrialized and developing nations are implementing mandatory programs like REACH, the R3 Model, and the objective to reduce carbon footprints, which is another factor in Germany's high tire shredder uptake. A significant number of tire shredders have been erected in Japan, a pioneer in tire recycling.

Which other countries are generating demand for tire shredders?

France and UK are also having lucrative opportunities for tire shredders manufacturers as the market is dependent upon the consumption pattern of automotive tires. The UK is the most opportunistic market owing to the presence of most of the aftersales tire manufacturers and can be identified as an emerging market in years to come. These European countries may garner substantial traction due to various initiatives regarding carbon emission reductions.

Category-wise Insights

Which product type will benefit the market in the long run?

Each tire shredder has a different internal mechanical design and process, as the rubber compound in the tire needs to go through several finishing processes before it can be used. Consider the following common types of tire shredders :

• The most commonly used are shear shredders, which usually operate at slow speeds and use two-axis rotary knives to cut the material, and grinders, which use wheels or drums at high or low speed and wear processes. The disk to use is often combined with compression. Cut material into pieces.

Tire recycling has gained importance as a result of expanding environmental protection requirements. Tire recycling is necessary to address this waste because tires are a significant source of garbage. It takes a tire shredder to complete this task. The device known as a tire shredder is used to shred tires into granular forms in order to facilitate recycling.

From worn tires, it is used to recover wire-free chips, steel, rubber, and others. In addition to the automotive industry, recycled tires are utilized in a variety of other fields, including the building of sound walls, landfills, bridge foundations, and shoes.

Segmentation of Tire Shredder Market

• By Operating Drive :

  • Electrical Tire Shredder
  • Hydraulic Tire Shredder

• By Product Type :

  • Shear Shredder
  • Chippers
  • Grinders
  • Granulators
  • Others

• By Countries :

  • Germany
  • UK
  • France
  • Spain
  • Italy
  • BENELUX
  • NORDIC
  • Portugal
  • Rest of Europe