Impact of 3D printing on shipping volumes visible from 2030: Singapore research

The growth of 3D printing could impact shipping volumes in the region of 10% by 2040 according to research by Singapore academic institutions.

3D printing has been flagged as a disruptor for container shipping replacing offshore manufacturing exported around the globe with products made closer to consumers, or even by consumers themselves at home. However, to date apart from some alarmist presentations, there has been little hard data to quantify what the real future impact of 3D printing might be on the global shipping industry.

Read more: 3D printing could decimate container shipping

Associate Professor Goh Puay Guan, Analytics and Operations for NUS Business School, presented joint research by Nanyang Technological University (NTU) and National University of Singapore (NUS) at the Singapore Maritime Institute Forum on Wednesday morning.

At present 3D printing volumes are very small – just 0.02% of global manufacturing – so the impact is not visible on shipping volumes as yet. However, Prof Goh painted a picture of growth similar to that of e-commerce. He noted e-commerce had been around since the mid-1990’s but it’s only in the last 10 years that its large-scale impact has been felt on the retail sector.

According to Prof Goh the impact of 3D printing will probably start to be seen from 2030 as 3D printing becomes a substitute for mass production. Based on a 3% growth in shipping volumes a year a couple of different scenarios were modelled.

A 10% reduction in shipping volumes by 2040 is seen as probable, with a range of impact between 5% and 20% by 2045.

The raw materials used in 3D printing would not substitute the shortfall in manufacturing volumes as the wastage from materials used in additive manufacturing is much lower than traditional manufacturing.

It is also understood that the drop in raw materials usage would have more impact on dry bulk shipping with the resin type materials used in 3D manufacturing more likely to be shipped in containers than bulk carriers as raw materials are at present.

Read more: Platform pirates and unicorns – the end of shipping as we know it?

The shift in production to 3D printing would also likely see a fragmentation of the supply chain with less consolidation of volumes than is seen at present.

The projections are important to countries such as Singapore which is investing $14.5bn in its next generation container terminal Tuas Port with a planned capacity of 65m teu a year by 2040.

 

Posted 9 October 2019

© Copyright 2019 Seatrade Informa Markets. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Informa Markets.

Saudi Maritime Congress 2020

Saudi Maritime Congress

22 – 23 March 2020 | Dammam, KSA

Connecting Saudi shipping and logistics industry.

Find out more >

Related Topics

Marcus Hand

Author Bio ▼

Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

Sign up to get the latest Maritime News headlines emailed directly to your inbox

SUBSCRIBE