PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1753217
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1753217
Global Used Serviceable Materials Market to Reach US$7.7 Billion by 2030
The global market for Used Serviceable Materials estimated at US$6.7 Billion in the year 2024, is expected to reach US$7.7 Billion by 2030, growing at a CAGR of 2.3% over the analysis period 2024-2030. Narrow Body Aircrafts, one of the segments analyzed in the report, is expected to record a 2.6% CAGR and reach US$5.1 Billion by the end of the analysis period. Growth in the Wide Body Aircrafts segment is estimated at 1.6% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.8 Billion While China is Forecast to Grow at 4.6% CAGR
The Used Serviceable Materials market in the U.S. is estimated at US$1.8 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 4.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.8% and 1.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.
Global "Used Serviceable Materials" Market - Key Trends & Drivers Summarized
Why Are Used Serviceable Materials Gaining Critical Importance Across Industries?
In a world facing increasing resource scarcity, sustainability demands, and cost pressures, used serviceable materials (USMs) are becoming vital assets in industries ranging from aviation and automotive to manufacturing and defense. These are components that, after having been used, are deemed fit for reuse following appropriate inspections and certifications. In aerospace, for instance, USMs such as engines, avionics, and structural parts significantly reduce maintenance costs and turnaround times for airlines. This practice aligns with the stringent safety and quality standards set by aviation authorities like the FAA and EASA, ensuring reliability even in mission-critical applications. The shift is also rooted in the need to extend asset life cycles, reduce procurement dependency on new parts, and adhere to green policies. In sectors like railways, heavy machinery, and marine, refurbishing and reusing materials like brake systems, transmission units, and metal frameworks helps organizations manage supply chain delays and budget constraints while promoting circular economy models.
How Are Certifications and Regulations Reshaping Market Trust?
The legitimacy and scalability of the USM market hinge heavily on the robustness of inspection, testing, and certification protocols. As reusability raises questions of safety and durability, international standards and regulatory oversight play a crucial role in establishing confidence among end-users. Entities such as the FAA (Federal Aviation Administration), ASA (Aviation Suppliers Association), and ISO have laid down frameworks that govern the collection, disassembly, cleaning, repair, and certification of serviceable materials. The development of sophisticated non-destructive testing (NDT) techniques, digital twin models, and real-time tracking systems ensures that reused components meet or exceed original performance benchmarks. Certification providers and third-party auditors are gaining prominence, especially in regulated sectors, where traceability and documentation of every part's lifecycle are mandatory. This has also given rise to specialized platforms and exchanges for trading USMs, often accompanied by comprehensive service histories, certifications, and warranties-further increasing trust in secondary markets.
Is Digital Transformation Enabling Greater Efficiency in USM Sourcing?
Digitalization has transformed how used serviceable materials are sourced, validated, and integrated across supply chains. Online B2B marketplaces, predictive analytics tools, and blockchain-based ledgers are now being used to track the provenance, condition, and availability of used parts in real-time. For industries managing extensive fleets-such as airlines or mining operators-AI-driven platforms can now recommend optimal sourcing strategies by evaluating inventory levels, historical maintenance records, and part compatibility. Blockchain integration is becoming particularly significant for ensuring the authenticity and compliance status of each component, minimizing the risk of counterfeit parts entering the ecosystem. Additionally, cloud-based platforms allow for centralized parts inventories across global operations, enabling just-in-time procurement and reducing unnecessary stocking. Predictive maintenance algorithms are also facilitating better decision-making around part reuse, helping organizations balance performance risk against cost and sustainability metrics. These technologies collectively increase the economic viability of USMs while maintaining performance standards expected in primary materials.
What Forces Are Driving the Rapid Growth of the Used Serviceable Materials Market?
The growth in the used serviceable materials market is driven by several factors tied closely to cost optimization strategies, end-user needs, regulatory pressures, and environmental imperatives. The high costs and long lead times associated with new components, especially in capital-intensive industries like aviation, energy, and defense, are encouraging companies to opt for certified reused parts. Aging equipment fleets in various sectors also necessitate access to legacy components that may no longer be in production-creating a natural demand for used serviceable materials. The pressure to reduce carbon footprints and comply with ESG goals has further incentivized the adoption of USMs, as they minimize waste and material extraction. Governments and international bodies are supporting such efforts through policy frameworks favoring repair, reuse, and resource efficiency. Additionally, consumer behavior-particularly in sectors like automotive and electronics-has begun favoring repairable and modular products, indirectly expanding the supply and application of USMs. As digital platforms streamline transactions and verification processes, and as industry players recognize the financial and operational advantages of reusing serviceable parts, the USM market is poised for robust expansion across global industrial landscapes.
SCOPE OF STUDY:
The report analyzes the Used Serviceable Materials market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Aircraft Type (Narrow Body Aircrafts, Wide Body Aircrafts, Turboprop Aircrafts); Product Type (Engines, Components, Airframe); Provider Type (OEMs, Non-OEMs)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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