Used Serviceable Material Market to Grow with a CAGR of 4.70% Globally through to 2029

Increasing demand for cost-effective aviation solutions, rising focus on sustainable practices, and technological advancements in material refurbishment are the factors driving the market in the forecast period 2025-2029.

According to TechSci Research report, “Used Serviceable Material Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Used Serviceable Material Market stood at USD 7.39 Billion in 2023 and is anticipated to grow with a CAGR of 4.70% in the forecast period, 2025-2029. The Global Used Serviceable Material (USM) market has witnessed substantial growth in recent years, fueled by a confluence of factors that are reshaping the aviation industry landscape. One significant trend driving this expansion is the increasing emphasis on cost-efficiency and sustainability within the aviation sector. Airlines and aircraft operators are actively seeking ways to optimize their operational expenses while minimizing their environmental footprint. As a result, the demand for used serviceable materials, which offer a cost-effective alternative to new parts, has surged. This trend is expected to persist as the aviation industry continues to prioritize sustainability and cost-effectiveness in the face of evolving market dynamics.

Technological advancements and innovations are playing a pivotal role in propelling the growth of the USM market. The advent of advanced manufacturing techniques, such as 3D printing, has revolutionized the production and refurbishment of aircraft components. This has led to the proliferation of high-quality, certified used serviceable materials that meet stringent industry standards. Moreover, the integration of data analytics and predictive maintenance solutions has enabled more efficient inventory management and optimization, further driving the adoption of used serviceable materials by airlines and MRO (Maintenance, Repair, and Overhaul) providers. As these technologies continue to mature and become more widespread, they are expected to unlock new growth opportunities for stakeholders across the USM value chain.

The USM market also faces several challenges that may impede its growth trajectory. One such challenge is the stringent regulatory requirements governing the certification and airworthiness of used aircraft parts. Ensuring compliance with these regulations can be a complex and time-consuming process, requiring meticulous documentation and testing procedures. Concerns regarding the quality and reliability of used serviceable materials remain prevalent among some stakeholders, posing a barrier to adoption. Addressing these challenges will be crucial for the sustained growth of the USM market, necessitating collaboration between industry players, regulators, and certification bodies to establish standardized processes and enhance transparency and trust in the quality of used aircraft parts.

Browse over market data Figures spread through XX Pages and an in-depth TOC on "Global Used Serviceable Material Market”

The engine segment encompasses a wide range of used serviceable materials, including turbine blades, casings, and engine accessories. These components undergo rigorous inspection, refurbishment, and testing processes to ensure compliance with industry standards and regulations. The demand for used engine parts is driven by factors such as the high cost of new engines, prolonged aircraft service life, and the need for cost-effective maintenance solutions. As airlines and aircraft operators seek to optimize their operational expenses, the adoption of used serviceable engine materials continues to gain traction, particularly in the commercial aviation sector.

The components segment of the USM market comprises various aircraft systems and subsystems, such as avionics, landing gear, and hydraulic systems. These components undergo extensive refurbishment and recertification processes to restore them to a serviceable condition, thereby extending their operational lifespan. The demand for used serviceable components is driven by factors such as fleet expansion, fleet modernization initiatives, and the need for timely maintenance and replacement solutions. The availability of high-quality, certified used components at competitive prices further contributes to their growing adoption by airlines and MRO providers worldwide.

The airframe segment of the USM market includes structural components, such as fuselage sections, wings, and empennage, which undergo refurbishment and recertification to ensure airworthiness and safety. The demand for used serviceable airframe materials is driven by factors such as the increasing complexity of aircraft structures, the high cost of new airframes, and the need for sustainable aviation solutions. As airlines seek to maximize the lifespan of their aircraft and minimize capital expenditures, the adoption of used serviceable airframe materials presents a compelling value proposition, offering cost-effective alternatives to new components.

In North America, the market is buoyed by a robust aerospace and defense industry, benefiting from advanced technological capabilities and established infrastructure for refurbishment and resale operations. Europe & CIS display notable growth, with countries such as Germany, France, and the United Kingdom leading the charge owing to their strong aerospace sectors and the presence of key players involved in the refurbishment and resale of used serviceable materials. The Asia Pacific region presents promising prospects, fueled by the rapid expansion of the aerospace market and increasing investments in aviation infrastructure. In South America and the Middle East & Africa, emerging economies are contributing to market growth, driven by a growing demand for used serviceable materials in various industries including aviation, automotive, and manufacturing. Despite challenges such as regulatory complexities and technological advancements, the global used serviceable material market is poised for continued expansion, propelled by increasing emphasis on sustainability, cost-efficiency, and the circular economy principles driving the adoption of refurbished components across diverse sectors worldwide.

Major companies operating in Global Used Serviceable Material Market are:

• Eaton Corporation plc
• AAR CORP. 
• Curtiss-Wright Corporation
• GA Telesis, LLC
• Air France-KLM
• A J Walter Aviation Limited
• RTX Corporation 
• Liebherr-International Deutschland GmbH
• Rolls-Royce plc
• Honeywell International Inc.

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 “The Global Used Serviceable Material (USM) Market is a dynamic and evolving sector within the aerospace industry. It involves the recycling and reuse of aircraft components, contributing to sustainability and cost-efficiency. Key trends include digitalization and data-driven decision-making, sustainability practices, supply chain resilience, technological advancements in inspection and certification, and increased collaboration and transparency. These trends are driving efficiency, reducing environmental impact, and enhancing the reliability of serviceable materials. As the industry continues to prioritize sustainability and operational excellence, the USM Market is poised to play a pivotal role in supporting these objectives while meeting the evolving needs of aviation stakeholders.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Used Serviceable Material Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Engine, Components and Airframe), By Provider Type (OEM and Non-OEM), By Aircraft Type (Narrow Body, Wide Body and Turboprop), By Region, Competition, 2019-2029F”, has evaluated the future growth potential of Global Used Serviceable Material Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Used Serviceable Material Market.         

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