As per MRFR analysis, the Used Serviceable Material (USM) Market Size was estimated at 7.18 (USD Billion) in 2023.The Used Serviceable Material (USM) Market is expected to grow from 7.48 (USD Billion) in 2024 to 11.63 (USD Billion) by 2035. The Used Serviceable Material (USM) Market CAGR (growth rate) is expected to be around 4.1% during the forecast period (2025 - 2035)
Key Used Serviceable Material (USM) Market Trends Highlighted
The used serviceable material (USM) market is experiencing significant growth driven by several key factors. The increasing focus on environmental sustainability has led organizations to adopt recycling and reusing practices, reflecting a broader trend towards a circular economy. This shift not only reduces waste but also promotes efficiency in resource usage, which is essential as governments worldwide enforce stricter regulations on waste management and disposal. Furthermore, the rising demand from the aerospace and automotive sectors for cost-effective and reliable alternatives to new materials fuels the need for USM. Industries are increasingly looking for ways to minimize operational costs while maintaining product quality, thereby supporting the used materials market.
There are a lot of chances in the used serviceable material (USM) market because businesses are always looking for new ways to use old materials. New technologies, like advanced sorting and grading systems, make it easier to get valuable materials back, which opens up new business opportunities in the recycling industry. Also, working together with service providers and manufacturers can improve material lifecycle management, allowing companies to make the most of used materials. Recent trends show that more and more people are accepting and aware of USM as a viable solution in a number of industries. This shows that the market is changing. There are awareness campaigns and educational programs going on to let people know about the benefits of using serviceable materials.
This increased recognition is encouraging participation from a broader range of players, from small enterprises to large corporations. The USM market is set to transform, paving the way for sustainable practices that align with economic growth and environmental responsibility.
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Used Serviceable Material (USM) Market Drivers
Growing Demand for Sustainable Practices
The Used Serviceable Material (USM) Market is witnessing a significant shift towards sustainability as industries across the globe emphasize the importance of reducing waste and promoting recycling. For instance, in 2021 alone, the waste generation reached approximately 2.01 billion tons, according to the World Bank. This alarming figure has encouraged industries to utilize used serviceable materials rather than simply discarding them.
Companies like Boeing and General Electric are leading this trend by investing in sustainable practices, thereby enhancing the market dynamics for Used Serviceable Material. Furthermore, many governments, including the European Union, have put forth stringent regulations aimed at minimizing waste and promoting the circular economy. The EU’s Circular Economy Action Plan aims to ensure that all packaging is reusable or recyclable by 2030, bolstering the demand for USM and setting a precedent for similar policies.
This growing awareness and implementation of sustainable practices are projected to fuel the significant and ongoing growth of the Used Serviceable Material (USM) Market.
Increasing Aerospace and Defense Activities
The rise in aerospace and defense activities ly is acting as a crucial driver for the Used Serviceable Material (USM) Market. According to the International Air Transport Association, air travel is anticipated to recover to 2019 levels by 2024. This recovery entails greater demand for aircraft and maintenance services, leading to a growing market for used serviceable materials. Companies such as Airbus and Lockheed Martin are increasingly reliant on used serviceable materials due to their cost-effectiveness and performance reliability.
These organizations have reported significant savings and sustainability benefits by using USM in their operations, establishing a strong market presence for used serviceable materials in the aerospace and defense sectors.
Technological Advancements in Material Recovery
Technological innovations in the recovery and processing of used serviceable materials are further propelling the Used Serviceable Material (USM) Market. The adoption of advanced technologies like Artificial Intelligence and machine learning allows for efficient sorting and recycling, enhancing the material recovery process. Research from the Bureau of International Recycling suggests that technological advancements could potentially improve recycling rates by up to 30% by 2030.
Established organizations such as Waste Management Inc. are utilizing these technologies to optimize their operations and increase the volume of serviceable materials available in the market. This surge in technological capabilities positions the Used Serviceable Material (USM) Market for accelerated growth as industries turn to smarter, more efficient recycling and recovery solutions.
Used Serviceable Material (USM) Market Segment Insights
Used Serviceable Material (USM) Market Product Insights
The Used Serviceable Material (USM) Market, focusing on the Product segment, showcases a robust market landscape poised for growth. By 2024, the overall market is projected to reach a valuation of 7.48 USD billion, reflecting the increasing demand for cost-effective material solutions in aviation and other industries. Within this market, the Engine category is expected to hold a majority share, valued at 3.18 USD billion in 2024 and forecasted to rise to 4.88 USD billion by 2035. This segment is critical as engines often represent the most significant investment for aviation companies; hence, the market for used engine parts is significant, driven by the need for replacement components and enhanced operational efficiency.
Similarly, the Components segment is projected to be valued at 2.15 USD billion in 2024 and is anticipated to grow to 3.25 USD billion by 2035. The demand for used serviceable components is propelled by the increasing focus on sustainability and reducing costs associated with the procurement of new materials. As various industries seek to maximize asset utilization, the Components segment highlights the importance of maintaining operational integrity while managing expenditures effectively.
On the other hand, the Airframe category is also expected to contribute significantly, maintaining a value of 2.15 USD billion in 2024 and rising to 3.5 USD billion by 2035. As airframes comprise the main structure of aircraft, the market for used airframe components is important for maintaining airworthiness and performance.
The growth of this segment underscores a shift towards smart aviation solutions that prioritize both safety and cost efficiency. Overall, the Used Serviceable Material (USM) Market revenue forecasts indicate a healthy expansion among its segments, with varied growth drivers driven by the need for cost-effective, sustainable, and reliable solutions for existing assets, further exemplifying the potential and significance of each category within this dynamic market landscape.
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Used Serviceable Material (USM) Market Provider Type Insights
The Used Serviceable Material (USM) Market, valued at approximately 7.48 USD Billion in 2024, showcases a robust segmentation based on Provider Type, including Original Equipment Manufacturers (OEM) and Non-OEM providers. The OEM segment plays a crucial role in the market as it typically ensures higher quality assurance and reliability of serviceable materials, driven by their direct involvement in manufacturing processes and tighter controls over material specifications. In contrast, the Non-OEM segment caters to cost-sensitive consumers, offering competitive pricing and a diverse range of materials, which can be particularly appealing within various industrial applications.
Both segments thrive due to an increasing emphasis on sustainability and reducing waste within industries that highly value used serviceable materials, seeing this approach not only as economical but also as environmentally friendly. The demand for such materials is driven by industrial growth and the rising need for efficient resource utilization ly. Furthermore, regulatory frameworks promoting recycling and reuse further support the momentum for both OEM and Non-OEM providers in the Used Serviceable Material (USM) Market, paving the way for substantial market growth.
Used Serviceable Material (USM) Market Aircraft Type Insights
The Used Serviceable Material (USM) Market, particularly within the Aircraft Type segment, accounts for significant revenue growth as it addresses the increasing demand for cost-effective availability of aircraft components. In 2024, this market is valued at 7.48 billion USD and is projected to grow significantly by 2035. The Narrow Body category plays a crucial role in commercial aviation due to its efficiency and versatility, catering to both regional and domestic flights. The Wide Body segment is essential for long-haul flights and thus supports the robust international travel market, which contributes largely to the Used Serviceable Material (USM) Market.
Meanwhile, Turboprop aircraft are vital for short-haul routes, facilitating connectivity in less accessible regions. The market growth is driven by the rising trend of sustainability in aviation, where the re-use of serviced materials aligns with environmental goals. However, challenges such as stringent regulatory standards and the need for quality assurance in the refurbishment of components persist. Overall, the diverse needs across these types underline the significance of the Used Serviceable Material (USM) Market data in forming a resilient, cost-efficient supply chain that can adapt to the evolving aerospace landscape.
Used Serviceable Material (USM) Market Regional Insights
The Used Serviceable Material (USM) Market has a significant presence across various regions, with North America leading the way. In 2024, North America was valued at 2.5 USD Billion, and by 2035, it is expected to grow to 4.0 USD billion, reflecting a strong demand for used serviceable materials driven by the industrial and aerospace sectors. Europe, valued at 1.8 USD Billion in 2024, is projected to reach 2.8 USD Billion in 2035, showcasing a focus on sustainability and recycling initiatives within the region. In South America, the market is smaller yet growing, with a valuation of 0.7 USD billion anticipated in 2024, increasing to 1.1 USD billion by 2035, reflecting the gradual industrial development in this region.
The Asia Pacific region is also substantial, with a value of 2.0 USD Billion in 2024, expected to rise to 2.8 USD billion by 2035, driven by rapid industrialization and increasing manufacturing activities. The Middle East and Africa are the least dominant in this market, valued at 0.48 USD billion in 2024 and projected to reach 0.93 USD billion in 2035, primarily due to a developing industrial ecosystem. The overall growth in these regions signifies the rising emphasis on resource recovery and the circular economy, indicating favorable trends for the Used Serviceable Material (USM) Market.
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Used Serviceable Material (USM) Market Key Players and Competitive Insights
The Used Serviceable Material (USM) Market has garnered significant attention due to its strategic importance in promoting sustainability and resource efficiency across various industries. As sectors such as aviation, automotive, and manufacturing increasingly adopt practices aimed at waste reduction and reclamation, the demand for used serviceable materials has surged. Companies operating in this market are focusing on optimizing supply chains, enhancing product lifecycle management, and implementing innovative recycling solutions to drive growth. The competitive landscape is characterized by a mix of established players and emerging firms, each striving to offer unique value propositions, thereby intensifying competition and aiming for market share expansion.
Bocado stands out in the Used Serviceable Material (USM) Market with a solid reputation for quality and efficiency. The company has established a strategic market presence through its commitment to reliability and customer satisfaction. Known for its robust sourcing capabilities, Bocado efficiently sources high-quality used materials that meet stringent industry standards, allowing it to cater to various sectors effectively. Its strengths lie in its comprehensive warehousing and distribution network, which enables prompt delivery and extensive reach. Additionally, Bocado's focus on customer-oriented solutions has fostered strong relationships, ensuring repeat business and customer loyalty in an increasingly competitive environment.
Petersen Auctions has positioned itself as a notable player within the Used Serviceable Material (USM) Market, specializing in the auctioning and brokerage of used materials. The company offers a diversified portfolio of services that includes both live auctions and online bidding platforms, which enhances its market presence and accessibility. Petersen Auctions is known for its strong brand recognition and established relationships with key suppliers and buyers, further enhancing its competitive edge. The company's strengths are bolstered by its ability to efficiently handle large volumes of materials and provide transparent pricing structures. In recent years, Petersen Auctions has engaged in strategic partnerships and collaborations, potentially involving mergers, with the aim of expanding its market footprint. Its focus on leveraging technology in auction processes and material evaluation ensures effectiveness in meeting the evolving demands of the market.
Key Companies in the Used Serviceable Material (USM) Market Include
Used Serviceable Material (USM) Market Developments
Recent developments in the Used Serviceable Material (USM) Market have indicated notable growth and transformation amidst evolving consumer demands and sustainability initiatives. In September 2023, significant movements included Bocado's introduction of a new online auction platform aimed at facilitating the sale of surplus serviceable materials, thereby enhancing market accessibility. Petersen Auctions and Julien's Auctions have also reported increased sales in used serviceable materials, driven by a surge in collector interest. In terms of mergers and acquisitions, Heritage Auctions announced its strategic acquisition of Morris and Whiteside Auctions in August 2023, expanding its footprint in the specialized auctioning of used serviceable materials.
The valuation of companies in the USM market continues to rise due to heightened awareness surrounding recycling and eco-friendly practices, impacting both pricing and consumer behavior positively. Additionally, in late 2022, Christie’s introduced sustainability-focused auction events, which have become more frequent, aligning with the market's growing emphasis on environmental stewardship. This aligns with trends favoring sustainable practices across various industries, which is further shaping the dynamics of the USM market.
Used Serviceable Material (USM) Market Segmentation Insights
Used Serviceable Material (USM) Market Product Outlook
Used Serviceable Material (USM) Market Provider Type Outlook
Used Serviceable Material (USM) Market Aircraft Type Outlook
Used Serviceable Material (USM) Market Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2023 | 7.18 (USD Billion) |
| Market Size 2024 | 7.48 (USD Billion) |
| Market Size 2035 | 11.63 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 4.1% (2025 - 2035) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Bocado, Petersen Auctions, Julien's Auctions, Rago Arts, Wright, Lighthouse, Christie's, Freeman's, Morris & Whiteside Auctions, McGuire, Bonhams, Catawiki, Skinner, Heritage Auctions, Sotheby's |
| Segments Covered | Product, Provider Type, Aircraft Type, Regional |
| Key Market Opportunities | Circular economy adoption, Cost-effective sourcing strategies, Growing aerospace industry demand, Regulatory support for recycling, Innovative remanufacturing technologies |
| Key Market Dynamics | Increasing demand for sustainability, Growing aerospace industry applications, Regulatory compliance for waste reduction, Cost savings on materials, Enhanced material lifecycle management |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Used Serviceable Material Market Highlights:
Frequently Asked Questions (FAQ) :
The Used Serviceable Material (USM) Market is expected to reach a value of 7.48 USD Billion in 2024.
By 2035, the market is projected to grow to a value of 11.63 USD billion.
The market is expected to experience a compound annual growth rate (CAGR) of 4.1% during the period from 2025 to 2035.
North America is anticipated to dominate the market with a value of 2.5 USD Billion in 2024.
The North American segment is expected to reach a value of 4.0 USD billion by 2035.
The Engine product segment is expected to be valued at 3.18 USD billion in 2024 and 4.88 USD billion in 2035.
Major players in the market include Bocado, Petersen Auctions, and Christie's, among others.
The Airframe product segment is projected to be valued at 2.15 USD billion in 2024 and 3.5 USD billion in 2035.
The Asia Pacific region is expected to have a market size of 2.0 USD Billion in 2024.
The Components product segment is expected to grow to a value of 3.25 USD billion by 2035.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
