News

Additive manufacturing to generate $100 billion of incremental value by 2025

A whitepaper on additive manufacturing (AM) potential in the ASEAN region has been revealed by thyssenkrupp. It is a comprehensive research undertaken by the company as a prelude to the official inaugural of its AM TechCenter Hub in Singapore.

The State of Additive Manufacturing in ASEAN today
The State of Additive Manufacturing in ASEAN today
(L to R) Mr. Lim Kok Kiang, Assistant Managing Director, Singapore Economic Development Board and Dr. Donatus Kaufmann, Executive Board Member, thyssenkrupp, sign the certificate of collaboration marking the launch of thyssenkrupp’s Additive Manufacturing TechCenter Hub in Singapore
(L to R) Mr. Lim Kok Kiang, Assistant Managing Director, Singapore Economic Development Board and Dr. Donatus Kaufmann, Executive Board Member, thyssenkrupp, sign the certificate of collaboration marking the launch of thyssenkrupp’s Additive Manufacturing TechCenter Hub in Singapore

Thyssenkrupp developed the paper entitled “Additive Manufacturing: Adding Up Growth Opportunities for ASEAN”, in close collaboration with a multidisciplinary team of experts and partners in Singapore including the global industrial 3D printing leader EOS GmbH and the National Additive Manufacturing Innovation Cluster (NAMIC).

The whitepaper presents deep insights and perspectives on the state of additive manufacturing in the ten member countries of ASEAN.

The research shared exciting prospects for additive manufacturing in the ASEAN region, where current penetration is still relatively low despite wider acceptance globally. The extensive study noted several key highlights:

  • AM penetration in ASEAN today is small, accounting for only 5 to 7% of Asia’s total AM spend estimated at $3.8 billion for 2019
  • However, there is huge potential for the ASEAN market given its contribution to the global manufacturing output. Manufacturing accounts for 20% of the region’s GDP, employs nearly 50 million workforce and is expected to grow at least three times in the near future
  • Additive manufacturing is estimated to generate around $100 billion of incremental value by 2025, impacting ASEAN’s projected real GDP by 1.5 to 2%
  • Opportunities via additive manufacturing will enable the reduction of ASEAN’s import dependence with the potential to impact at least $30 to 50 billion by localizing manufacturing closer to consumption and reducing overall import dependence by up to 2% for the region

It can also contribute in sustainable development and improve ASEAN’s competitiveness in already established global value chains across key sectors such as Automotive, Electronics, and Chemicals, as well as accelerate the region’s growth in industries like Aerospace, Medical Devices, and Healthcare.

Additive manufacturing would enable the ASEAN region to further advance its Industry 4.0 and skills development focus, and promote local entrepreneurship with the potential to create 3 to 4 million additional AM jobs for the region by 2030.

Mr Jan Lueder, CEO of thyssenkrupp Regional Headquarters Asia Pacific: “As our study shows, additive manufacturing delivers enormous potential to transform the ASEAN region and level up vital sectors.” “Additive manufacturing will surely be an innovative solution to further drive growth in ASEAN, as long as stakeholders work together to continue building awareness as well as a supportive ecosystem for additive manufacturing adoption and development. We have found such an ecosystem in Singapore, and that is one of the key reasons in establishing our first additive manufacturing TechCenter Hub outside of Germany.”

About the author

Divya Sagar

Divya Sagar

Divya Sagar is Content Editor at CNT Expositions and Services and manages the content of its online website, Indian 3D Printing Network. With a longstanding commitment to the site's content, she is credited with tracking and publishing news related to 3D Printing Industry. She also tracks market trends, key developments and the latest 3D printing research.