Europe Tire Shredder Market
Europe Tire Shredder Market Size, Share and Forecast Analysis, By Operating Drive (Electrical, Hydraulic ), By Product Type (Shear Shredder, Chippers, Grinders, Granulators, Others), Major European countries (Germany, UK, France, Spain, Italy, Portugal, Rest of Europe) - Market Insights 2023 to 2033
Analysis of Europe Tire Shredder Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Europe Tire Shredder Market Outlook (2023 to 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 to 2033) | 4.1% |
| Germany Market Size (2033) | US$ 177.0 Million |
| Germany Growth Rate (2023 to 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 |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Historic Impact (2018 to 2022) Vs Future Trends (2023 to 2033)
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 to 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 to 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.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
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.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
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
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Europe Demand (Units) Analysis and Forecast
- 5. Europe Market - Pricing Analysis
- 6. Europe Market Value (US$ million) Analysis and Forecast
- 7. Europe Market Analysis and Forecast, By Operating Drive
- 7.1. Electric Tire Shredder
- 7.2. Hydraulic Tire Shredder
- 8. Europe Market Analysis and Forecast, By Product Type
- 8.1. Shear Shredder
- 8.2. Chippers
- 8.3. Grinders
- 8.4. Granulators
- 8.5. Others
- 9. Europe Market Analysis and Forecast, By Country
- 9.1. Germany
- 9.2. France
- 9.3. UK
- 9.4. BENELUX
- 9.5. NORDIC
- 9.6. Italy
- 9.7. Spain
- 9.8. Rest of Europe
- 10. Germany Market Analysis and Forecast
- 11. France Market Analysis and Forecast
- 12. UK Market Analysis and Forecast
- 13. BENELUX Market Analysis and Forecast
- 14. NORDICS Market Analysis and Forecast
- 15. Italy Market Analysis and Forecast
- 16. Spain Market Analysis and Forecast
- 17. Rest of Europe Market Analysis and Forecast
- 18. Market Structure Analysis
- 19. Competition Analysis
- 19.1. Enerpat Group
- 19.2. Granutech-Saturn Systems
- 19.3. SSI Shredding System
- 19.4. Shred-Tech
- 19.5. CM Shredder
- 19.6. Recycling Equipment Inc.
- 19.7. Spadone-Hypex Inc.
- 19.8. Other Prominent Players
- 20. Assumptions & Acronyms Used
- 21. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01. Europe Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 02. Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 03. Europe Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 04. Europe Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 05. Europe Market Value (US$ million) and Forecast By Operating Drive, 2018 to 2022
Table 06. Europe Market Value (US$ million) and Forecast By Operating Drive, 2023 to 2033
Table 07. Europe Market Volume (Units) and Forecast By Operating Drive, 2018 to 2022
Table 08. Europe Market Volume (Units) and Forecast By Operating Drive, 2023 to 2033
Table 09. Europe Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 10. Europe Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 11. Europe Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 12. Europe Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 13. Germany Market Value (US$ million) and Forecast By Operating Drive, 2018 to 2022
Table 14. Germany Market Value (US$ million) and Forecast By Operating Drive, 2023 to 2033
Table 15. Germany Market Volume (Units) and Forecast By Operating Drive, 2018 to 2022
Table 16. Germany Market Volume (Units) and Forecast By Operating Drive, 2023 to 2033
Table 17. Germany Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 18. Germany Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 19. Germany Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 20. Germany Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 21. France Market Value (US$ million) and Forecast By Operating Drive, 2018 to 2022
Table 22. France Market Value (US$ million) and Forecast By Operating Drive, 2023 to 2033
Table 23. France Market Volume (Units) and Forecast By Operating Drive, 2018 to 2022
Table 24. France Market Volume (Units) and Forecast By Operating Drive, 2023 to 2033
Table 25. France Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 26. France Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 27. France Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 28. France Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 29. UK Market Value (US$ million) and Forecast By Operating Drive, 2018 to 2022
Table 30. UK Market Value (US$ million) and Forecast By Operating Drive, 2023 to 2033
Table 31. UK Market Volume (Units) and Forecast By Operating Drive, 2018 to 2022
Table 32. UK Market Volume (Units) and Forecast By Operating Drive, 2023 to 2033
Table 33. UK Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 34. UK Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 35. UK Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 36. UK Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 37. BENELUX Market Value (US$ million) and Forecast By Operating Drive, 2018 to 2022
Table 38. BENELUX Market Value (US$ million) and Forecast By Operating Drive, 2023 to 2033
Table 39. BENELUX Market Volume (Units) and Forecast By Operating Drive, 2018 to 2022
Table 40. BENELUX Market Volume (Units) and Forecast By Operating Drive, 2023 to 2033
Table 41. BENELUX Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 42. BENELUX Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 43. BENELUX Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 44. BENELUX Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 45. NORDICS Market Value (US$ million) and Forecast By Operating Drive, 2018 to 2022
Table 46. NORDICS Market Value (US$ million) and Forecast By Operating Drive, 2023 to 2033
Table 47. NORDICS Market Volume (Units) and Forecast By Operating Drive, 2018 to 2022
Table 48. NORDICS Market Volume (Units) and Forecast By Operating Drive, 2023 to 2033
Table 49. NORDICS Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 50. NORDICS Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 51. NORDICS Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 52. NORDICS Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 53. Italy Market Value (US$ million) and Forecast By Operating Drive, 2018 to 2022
Table 54. Italy Market Value (US$ million) and Forecast By Operating Drive, 2023 to 2033
Table 55. Italy Market Volume (Units) and Forecast By Operating Drive, 2018 to 2022
Table 56. Italy Market Volume (Units) and Forecast By Operating Drive, 2023 to 2033
Table 57. Italy Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 58. Italy Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 59. Italy Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 60. Italy Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 61. Spain Market Value (US$ million) and Forecast By Operating Drive, 2018 to 2022
Table 62. Spain Market Value (US$ million) and Forecast By Operating Drive, 2023 to 2033
Table 63. Spain Market Volume (Units) and Forecast By Operating Drive, 2018 to 2022
Table 64. Spain Market Volume (Units) and Forecast By Operating Drive, 2023 to 2033
Table 65. Spain Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 66. Spain Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 67. Spain Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 68. Spain Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 69. Rest of Europe Market Value (US$ million) and Forecast By Operating Drive, 2018 to 2022
Table 70. Rest of Europe Market Value (US$ million) and Forecast By Operating Drive, 2023 to 2033
Table 71. Rest of Europe Market Volume (Units) and Forecast By Operating Drive, 2018 to 2022
Table 72. Rest of Europe Market Volume (Units) and Forecast By Operating Drive, 2023 to 2033
Table 73. Rest of Europe Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 74. Rest of Europe Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 75. Rest of Europe Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 76. Rest of Europe Market Volume (Units) and Forecast By Product Type, 2023 to 2033
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01. Europe Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 02. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Europe Market Value (US$ million) and Volume (Units) by Country, 2023 to 2033
Figure 04. Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 05. Europe Market Value (US$ million) and Volume (Units) By Operating Drive, 2023 to 2033
Figure 06. Europe Market Y-o-Y Growth Rate By Operating Drive, 2023 to 2033
Figure 07. Europe Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 08. Europe Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 09. Germany Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 10. Germany Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11. Germany Market Value (US$ million) and Volume (Units) By Operating Drive, 2023 to 2033
Figure 12. Germany Market Y-o-Y Growth Rate By Operating Drive, 2023 to 2033
Figure 13. Germany Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 14. Germany Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 15. Germany Market Attractiveness Analysis By Operating Drive, 2023 to 2033
Figure 16. Germany Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 17. France Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 18. France Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 19. France Market Value (US$ million) and Volume (Units) By Operating Drive, 2023 to 2033
Figure 20. France Market Y-o-Y Growth Rate By Operating Drive, 2023 to 2033
Figure 21. France Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 22. France Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 23. France Market Attractiveness Analysis By Operating Drive, 2023 to 2033
Figure 24. France Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 25. UK Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 26. UK Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 27. UK Market Value (US$ million) and Volume (Units) By Operating Drive, 2023 to 2033
Figure 28. UK Market Y-o-Y Growth Rate By Operating Drive, 2023 to 2033
Figure 29. UK Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 30. UK Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 31. UK Market Attractiveness Analysis By Operating Drive, 2023 to 2033
Figure 32. UK Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 33. BENELUX Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 34. BENELUX Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 35. BENELUX Market Value (US$ million) and Volume (Units) By Operating Drive, 2023 to 2033
Figure 36. BENELUX Market Y-o-Y Growth Rate By Operating Drive, 2023 to 2033
Figure 37. BENELUX Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 38. BENELUX Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 39. BENELUX Market Attractiveness Analysis By Operating Drive, 2023 to 2033
Figure 40. BENELUX Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 41. NORDICS Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 42. NORDICS Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 43. NORDICS Market Value (US$ million) and Volume (Units) By Operating Drive, 2023 to 2033
Figure 44. NORDICS Market Y-o-Y Growth Rate By Operating Drive, 2023 to 2033
Figure 45. NORDICS Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 46. NORDICS Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 47. NORDICS Market Attractiveness Analysis By Operating Drive, 2023 to 2033
Figure 48. NORDICS Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 49. Italy Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 50. Italy Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 51. Italy Market Value (US$ million) and Volume (Units) By Operating Drive, 2023 to 2033
Figure 52. Italy Market Y-o-Y Growth Rate By Operating Drive, 2023 to 2033
Figure 53. Italy Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 54. Italy Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 55. Italy Market Attractiveness Analysis By Operating Drive, 2023 to 2033
Figure 56. Italy Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 57. Spain Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 58. Spain Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 59. Spain Market Value (US$ million) and Volume (Units) By Operating Drive, 2023 to 2033
Figure 60. Spain Market Y-o-Y Growth Rate By Operating Drive, 2023 to 2033
Figure 61. Spain Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 62. Spain Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 63. Spain Market Attractiveness Analysis By Operating Drive, 2023 to 2033
Figure 64. Spain Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 65. Rest of Europe Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 66. Rest of Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 67. Rest of Europe Market Value (US$ million) and Volume (Units) By Operating Drive, 2023 to 2033
Figure 68. Rest of Europe Market Y-o-Y Growth Rate By Operating Drive, 2023 to 2033
Figure 69. Rest of Europe Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 70. Rest of Europe Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 71. Rest of Europe Market Attractiveness Analysis By Operating Drive, 2023 to 2033
Figure 72. Rest of Europe Market Attractiveness Analysis By Product Type, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
Which operation type accounts for the largest Europe tire shredder market share in 2022?
Hydraulic tires account for US$ 289.9 million in the year 2022.
How did the market perform over the last few years?
During 2018 to 2023, sales of tire shredders increased at 3.5% CAGR.
What is the expected market size for Europe tire shredder by 2033?
The market is expected to reach US$ 680.9 Mn by the end of 2033.
Which country is dominating the Europe tire shredder market?
Germany will continue to be the most attractive market for tire shredders in terms of revenues.
Which recent trends are likely to influence the market?
Rising concerns regarding energy conservation are likely to influence market growth.
Europe Tire Shredder Market