The potential of recycling carbon fiber reinforced polymers (CFRP) as a sustainable solution for waste management is yet to be fully understood. This study reports on the evolution of mechanical, and chemical properties of reclaimed carbon fibers when recycled multiple times via pyrolysis and partial oxidation. The performed work aims at filling the knowledge gap related to repetitive recycling when moving towards a circular flow of resources. A recycling process existing at industrial scale is used to ensure the relevance and usefulness of the results in the current industry scene. Two sets of three identical model composites are recycled using distinct recycling parameters, and their properties are characterized at the end of each recycling cycle. Results show that recycling can lead to an increase in stiffness but can have a negative impact on strength of recovered fibers. Mechanical behaviour shows recovered fibers suitable for secondary applications with medium performance requirements after two recycling cycles. The findings highlight the importance of understanding the material properties evolution during recycling processes. This research contributes to the development of sustainable waste management strategies and a more environmentally friendly future.