Europe Used Serviceable Material (USM) Market Size was estimated at 2.15 (USD Billion) in 2023.The Europe Used Serviceable Material (USM) Market is expected to grow from 2.24(USD Billion) in 2024 to 3.49 (USD Billion) by 2035. The Europe Used Serviceable Material (USM) Market CAGR (growth rate) is expected to be around 4.099% during the forecast period (2025 - 2035).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The market for used serviceable materials (USM) in Europe is expanding significantly due to a number of important market factors. The region's growing emphasis on sustainability and environmental laws is one of the main motivators.
European nations are enforcing more stringent laws to encourage recycling and reduce trash. This has prompted businesses to think about USM as a good substitute for novel materials, enabling the adoption of a circular economy strategy.
This market is also being driven by the growing need for affordable manufacturing solutions in a number of industries, such as aerospace and automotive. In the field of technological breakthroughs, there are a lot of options to investigate.
USM's supply chain operations are becoming more efficient because to advancements in inventory control and logistics, which increases the company's appeal to investors.
Increased accessibility and market penetration are also being made possible by the growth of online marketplaces devoted to the exchange of used materials, which is raising awareness of USM products throughout Europe.
Recent trends show a discernible change as industries use USM more and more to save money, optimize resources, and comply with regulations. The market's overall resilience is being strengthened by the expansion of alliances and partnerships among various supply chain stakeholders, which encourage cooperation and resource sharing.
Additionally, programs to raise awareness of the advantages of employing USM are becoming more popular, which is encouraging a change in attitudes on the usefulness of used materials in a variety of industrial processes throughout Europe.
The European Used Serviceable Material (USM) Market is well-positioned to prosper in the face of shifting economic conditions and sustainability objectives thanks to this dynamic environment.
In Europe, there is a strong regulatory push towards sustainability and circular economy practices, both of which significantly boost the Europe Used Serviceable Material (USM) Market. The European Union's Green Deal aims at making Europe the first climate-neutral continent by 2050, which influences member states to adopt sustainable practices including the efficient use of resources and minimizing waste.
With policies favoring the recycling and reuse of materials, it is projected that by 2025, the EU aims to recycle 65% of all municipal waste, providing a solid framework for the USM market to grow.
Organizations like the European Environment Agency highlight the necessity of regulatory compliance as a driver for industries transitioning to a serviceable material approach, fostering growth in the USM market as companies seek to meet these stringent requirements.
The increasing consumer awareness towards sustainability is another significant driver for the Europe Used Serviceable Material (USM) Market. According to the European Commission, 70% of Europeans are concerned about the environmental impact of their choices, leading to a growing demand for products that utilize reused materials.
The commitment of major European automotive and aerospace companies to the use of recycled materials helps shift industry focus towards sustainable practices. Companies like Airbus and BMW have set ambitious targets to increase the proportion of recycled materials in their manufacturing processes, indicating a market shift that encourages the adoption of USM.
Advancements in recycling technologies have tremendously enhanced the efficiency of material recovery, which is a key driver for the European used Serviceable Material (USM) Market. Innovative recycling techniques, such as those developed by organizations like the Fraunhofer Institute in Germany, have improved the rate at which serviceable materials can be reclaimed.
Evidence suggests that with technological innovation reducing costs and increasing the recovery rates by up to 20%, the market for recycled and reused materials, including USM, is expected to grow as practices become more economically viable. This progress in technology is encouraging more businesses in Europe to incorporate USM into their supply chains.
Europe Used Serviceable Material (USM) Market Segment Insights
Used Serviceable Material (USM) Market Product Type Insights
The Europe Used Serviceable Material (USM) Market displays a diverse range of Product Types that play a critical role in supporting the aviation and aerospace sector. This market has shown substantial growth, particularly through the evolving demands for economic sustainability and regulatory adherence within the industry.
The categories of Product Types include Engine, Components, and Airframe, each contributing significantly to the overall landscape. Engine parts, which often endure considerable wear and tear, represent a vital segment as they provide manufacturers with a cost-effective means to extend the life cycle of aircraft.
The availability of compliant and high-quality engines not only reduces operational costs but also aligns with environmental standards, making this segment particularly significant in today's market.
Components also play an essential role, with a wide variety of parts such as landing gear, avionics, and hydraulic systems. The significance of components is underscored by their direct impact on safety, reliability, and performance.
As airlines prioritize maintenance and repair operations to ensure fleet readiness, the demand for serviceable components continues to rise. This segment enhances the overall value chain of the aviation sector in Europe, contributing to sustainability efforts by recycling components and minimizing waste, which aligns with the European Union’s green policies.
Airframe, on the other hand, encompasses the structural framework of the aircraft, further enhancing the importance of used serviceable materials.
As air travel demand steadily increases, maintaining and upgrading airframes with used parts becomes a strategic opportunity for airlines looking to optimize operational efficiency. With a stable regulatory framework ensuring the quality and safety of used airframe parts, this segment stands out as an area of great opportunity for both cost savings and enhanced performance.
In summary, Product Types like Engine, Components, and Airframe within the Europe Used Serviceable Material (USM) Market are pivotal in driving growth.
Their collective emphasis on sustainable practices, cost-efficiency, and compliance with stringent safety regulations marks their significance in a transforming aviation landscape. The market continues to adapt to new technologies and practices, fostering further growth in this essential sector.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Used Serviceable Material (USM) Market Provider Type Insights
The Europe Used Serviceable Material (USM) Market demonstrates a diversified structure in its Provider Type segment, primarily consisting of Original Equipment Manufacturers (OEM) and Non-OEM providers. The OEM segment is crucial in maintaining high standards of quality and reliability in serviceable materials, often preferred by businesses looking for certified and genuine parts.
This segment is pivotal for industries such as aerospace and automotive, where precision and compliance with regulations are paramount. Conversely, non-OEM providers cater to cost-sensitive businesses by offering alternative options that can lead to savings without significantly compromising quality.
The emergence of non-OEM suppliers reflects a growing trend towards flexibility and choice within the market, appealing to a broader range of customers. As manufacturing and assembly operations in Europe evolve, there is a clear trajectory towards enhanced operational efficiency, emphasizing the importance of both segments in fulfilling diverse market needs.
Factors such as stringent regulations and the pursuit of sustainability further influence market dynamics, with both segments poised to adapt and innovate as the landscape shifts. This creates ample opportunities for growth as companies seek to balance reliability with cost-effectiveness in the procurement of used serviceable materials across various industries in Europe.
Used Serviceable Material (USM) Market Aircraft Type Insights
The Europe Used Serviceable Material (USM) Market is characterized by its diverse Aircraft Type segment, which includes narrow-body, wide-body, and Turboprop aircraft. Narrow Body aircraft are widely utilized for short to medium-haul flights, making them a critical resource in Europe, particularly as air travel demand rebounds.
This category often sees high turnover rates for parts, fueling the demand for used serviceable materials. On the other hand, Wide Body aircraft cater to long-haul international routes, representing significant opportunities for USM providers, as these aircraft typically require more specialized and costly components.
The Turboprop segment plays an essential role in regional travel, serving smaller routes and contributing to the sustainability of the aviation sector. As environmental regulations become stricter, the market is witnessing a shift towards sustainable practices, where Used Serviceable Materials offer cost-effective and eco-friendly alternatives to new parts.
Overall, the market is driven by the increasing need for cost efficiency among airlines and a growing preference for sustainable aviation practices, further solidifying the importance of these Aircraft Type categories in the Europe Used Serviceable Material (USM) Market landscape.
Europe Used Serviceable Material (USM) Market Key Players and Competitive Insights:
The Europe Used Serviceable Material (USM) Market is characterized by a dynamic and competitive landscape driven by increasing demand for sustainable practices and recycling initiatives. As industries strive for cost-effective solutions and waste reduction, the emphasis on serviceable materials has gained traction.
This market encompasses a diverse range of players who offer various services related to the recovery, refurbishment, and resale of used materials.
The growing awareness of environmental concerns and regulatory pressures has intensified competition among companies looking to establish their presence in this sector. Companies are innovating their approaches to meet the evolving needs of clients, thus shaping the future of the USM market in Europe.
Recupero Energetico has established itself as a significant contender within the European used Serviceable Material (USM) Market. The company is recognized for its expertise in the recovery and recycling of electronic and industrial waste, emphasizing green practices that resonate with the market's trajectory toward sustainability.
Its commitment to utilizing advanced technologies ensures that serviceable materials are efficiently processed, facilitating reduced environmental impact.
Recupero Energetico's strengths lie in its robust operational framework and extensive network within the industry, positioning it favorably for partnerships and collaborations that enhance its market presence. This strategic alignment allows the company to effectively cater to various sectors that require reliable sources of used serviceable materials.
Veolia stands out as a major player in the Europe Used Serviceable Material (USM) Market, with a diverse portfolio of services aimed at waste management and resource recovery. The company offers key products and services that include waste management solutions, recycling of materials, and the refurbishment of used components.
Veolia's strong market presence is attributed to its deep-rooted expertise in environmental services and its commitment to sustainability. Emphasizing innovation and efficiency, the company's strengths are reflected in its ability to adapt to the changing regulatory landscape and customer demands.
Additionally, Veolia has pursued strategic mergers and acquisitions to bolster its capabilities and expand its footprint in the European market. Such initiatives not only enhance its service offerings but also solidify its position as a leader in promoting a circular economy through the effective management of used serviceable materials.
Key Companies in the Europe Used Serviceable Material (USM) Market Include
Europe Used Serviceable Material (USM) Market Developments
The Europe Used Serviceable Material (USM) Market has seen significant developments recently, with companies like Veolia and Covanta actively enhancing their material recycling capacities. A notable growth trend is observed, with market valuations of firms such as Suez and Renewi reflecting increasing investments in sustainable waste management solutions.
In September 2023, Snam announced a strategic partnership with Mondi, focusing on improving recycling processes and resource recovery.
In August 2023, the Ferry Group expanded its operations in Eastern Europe, capitalizing on the rising demand for used serviceable materials. Noteworthy mergers include Umicore's acquisition of a recycling technology firm in July 2023 to bolster its market position.
The EU's circular economy policies continue to promote sustainable practices across the USM sector, urging companies to innovate and develop efficient recycling processes. Regulatory frameworks are evolving to enhance material recovery, affecting how companies engage in the market.
Overall, these trends indicate a strong focus on sustainability and technological advancement driven by companies like BASF and Stena Recycling in Europe over the past few years.
Europe Used Serviceable Material (USM) Market Segmentation Insights
Used Serviceable Material (USM) Market Product Type Outlook
Used Serviceable Material (USM) Market Provider Type Outlook
Used Serviceable Material (USM) Market Aircraft Type Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 2.15(USD Billion) |
| MARKET SIZE 2024 | 2.24(USD Billion) |
| MARKET SIZE 2035 | 3.49(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.099% (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 | Recupero Energetico, Veolia, Covanta, Ferry Group, Snam, Umicore, BASF, RHI Magnesita, Renewi, Suez, Stena Recycling, Sappi, Air Liquide, Mondi |
| SEGMENTS COVERED | Product Type, Provider Type, Aircraft Type |
| KEY MARKET OPPORTUNITIES | Growing demand for sustainable materials, Increasing regulation on waste management, Cost reduction through USM usage, Rising aerospace and defense sector needs, Expanding e-waste recycling initiatives |
| KEY MARKET DYNAMICS | Regulatory compliance pressures, Rising sustainability focus, Increased aircraft fleet size, Cost-saving initiatives, Technological advancements in recycling |
| COUNTRIES COVERED | Germany, UK, France, Russia, Italy, Spain, Rest of Europe |
Frequently Asked Questions (FAQ) :
The Europe Used Serviceable Material (USM) Market is expected to be valued at 2.24 billion USD in 2024.
By 2035, the Europe Used Serviceable Material (USM) Market is projected to reach a value of 3.49 billion USD.
The expected CAGR for the Europe Used Serviceable Material (USM) Market from 2025 to 2035 is 4.099 percent.
The Engine segment is valued at 0.9 billion USD in 2024 within the Europe Used Serviceable Material (USM) Market.
The Components segment is expected to be valued at 1.33 billion USD by 2035 in the Europe Used Serviceable Material (USM) Market.
In 2024, the Airframe segment of the Europe Used Serviceable Material (USM) Market is valued at 0.5 billion USD.
Major players include Recupero Energetico, Veolia, Covanta, and Ferry Group, among others.
The Europe Used Serviceable Material (USM) Market is poised for growth driven by applications in Engine, Components, and Airframe.
The market is anticipated to exhibit resilience, with consistent growth projected even amid global economic fluctuations.
Opportunities exist in sustainability and recycling innovation, which are influencing market dynamics positively.
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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.
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