Pyrolysis is a potential approach to treat post-consumer waste natural rubber (NR), however, unclear pyrolysis mechanism restricts its actual utilization. In this work, thermal degradation of NR was investigated combining dynamical method with pyrolysis on the infrared-heating fixed-bed reactor. Results show that thermal degradation of NR is an apparently exothermic and multistep reaction, tar yield reaches up to 96.59 wt%. Pyrolysis tar mainly consists of cycloolefin with a small quantity of chain olefins and mono-ring aromatic hydrocarbons. High temperature reduces the cycloolefin yield but promotes the generation of mono-ring aromatic hydrocarbons. Tar is mainly composed of dimer (C10) or trimer (C15) of isoprene with different structures. H type in tar is mainly aliphatic hydrogen. Besides, a possible pyrolysis mechanism based on the β bond breakage was proposed. The work can provide a theoretical basis for direct control of high value-added products during NR pyrolysis and achieve high efficiency pyrolysis of NR.