Tire Shredder Market 2022 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2029|Granutech-Saturn Systems, SSI Shredding System

Tire Shredder Market 2022-2029

Recycling tire is one of the reigning trends in automotive industry which is done by tire manufacturers and aftermarket independent vendors. To facilitate this process shredding of the bulk tire into smaller fragments or a granular form is required for convenient chemical processing in the further stage of tire recycling.

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A tire shredder is and equipment which is used upon used/crumb tires and performs the desired purpose. Tire shredders equipment is basically characterized by two types of operating drive i.e. – hydraulic and electrical based tire shredders. Tire shredder exist in various product configurations such as, shear shredder, chippers, grinders, granulators, specialty shredder, etc.  

 Key Players:

The report has profiled some of the important players prevalent in the global like – 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 more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Tire Shredder.

Global Tire Shredder Market: Dynamics

Initiative of energy and natural conservation, which being mandated at several regional governments has led to the recycling of tires thus driving the tire recycling process equipment market including tire shredders. Apart from core rubber being extracted from tire shredding other by-products such as wire-free chips, steel, rubber, etc. are obtained which can be used as fuel feedstock or fuel additive.

This lucrative opportunity has also encouraged waste recycling companies to sell the by-products of used tires to external energy generation agencies for which the installation and operations of tire shredders have augmented its market growth. Furthermore, the end products produced from the tire shredder have wide range of end uses such as, in civil engineering, shoe manufacturing, and other sustainable landscaping outlets.

Another driving factor for the growth of tire shredders is that the average lifespan of automotive tire being 4-5 years and significant procurement cost of new tire has resulted in independent aftermarket agencies offering recycled tires at a nominal rates. This objective is being achieved with the help of tire shredder being a crucial equipment in the recycling process.

Additionally, the tire manufacturers can themselves procure the used tires and recycle the same thus reducing consumption of rubber of raw materials saving significant manufacturing overhead costs. This will create new growth opportunities for use of tire shredders in upcoming years. The above said factors are projected to facilitate a healthy growth for tire shredder market in the current and upcoming periods.

However, with the tire manufactures are emphasizing on to produce durable tires having long life-cycle, may offset the rate of tire shredding which may act as a restraint for the global tire shredder market. In spite of this factors, the market participants and industry experts are optimistic that the adoption of tire shredder would be on an upward growth path in the long run.

Global Tire Shredder Market: Segments

On the basis of product type -Shear Shredder, Chippers, Grinders, Granulators, Specialty Shredder

On the basis of operating drive - Electrical Tire Shredder, Hydraulic Tire Shredder

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Tire Shredder Market Manufacturers 
Tire Shredder Market Distributors/Traders/Wholesalers 
Tire Shredder Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Report Highlights:

Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
 
Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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