thyssenkrupp predicts $100 billion economic value for AM in ASEAN by 2030

August 5, 2019

August 5, 2019

thyssenkrupp AG, Essen, Germany, has published a white paper on the potential of Additive Manufacturing in the Association of Southeast Asian Nations (ASEAN) region, based on research undertaken by the company, with the support of partners in Singapore, as a prelude to the official launch of its AM TechCenter Hub in Singapore. Titled ‘Additive Manufacturing: Adding Up Growth Opportunities for ASEAN’, the white paper looks at the state of AM in the ten member countries of ASEAN. 

AM penetration in ASEAN is currently quite small, accounting for only 5–7% of Asia’s total AM spend (estimated at $3.8 billion for 2019. However, thyssenkrupp’s report states that 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 of its workforce and is expected to experience major growth in the near future.

The report predicted that Additive Manufacturing will generate around US $100 billion of incremental value by 2025, impacting ASEAN’s projected real GDP by 1.5 to 2%. Opportunities presented by AM are expected to enable a reduction of ASEAN’s import dependence, with the potential to impact at least $30–50 billion by localising manufacturing closer to consumption and reducing overall import dependence by up to 2% for the region

AM 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. It is believed that 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 3–4 million additional AM jobs for the region by 2030.

“As our study shows, Additive Manufacturing delivers enormous potential to transform the ASEAN region and level up vital sectors,” stated Jan Lueder, CEO of thyssenkrupp Regional Headquarters Asia-Pacific. “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.”

August 5, 2019

About Metal Additive Manufacturing magazine

Metal AM magazine, published quarterly in digital and print formats, is read by a rapidly expanding international audience.

Our audience includes component manufacturers, end-users, materials and equipment suppliers, analysts, researchers and more.

In addition to providing extensive industry news coverage, Metal AM magazine is known for exclusive, in-depth articles and technical reports.

Our focus is the entire metal AM process from design to application.

Each issue is available as an easy-to-navigate digital edition and a high-quality print publication.

In the latest issue of Metal AM magazine

Download PDF

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Metal powders in Additive Manufacturing: An exploration of sustainable production, usage and recycling
  • Inside Wayland Additive: How innovation in electron beam PBF is opening new markets for AM
  • An end-to-end production case study: Leveraging data-driven machine learning and autonomous process control in AM
  • Consolidation, competition, and the cost of certification: Insight from New York’s AM Strategies 2024
  • Scandium’s impact on the Additive Manufacturing of aluminium alloys
  • AM for medical implants: An analysis of the impact of powder reuse in Powder Bed Fusion

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Share via
Copy link
Powered by Social Snap