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Elegoo’s vision will shape the future of 3D Printing

3D printing

3D printing is finally becoming a reality. From sports shoes to jet fuel nozzles, houses to dental aligners, 3D printed products are used for a variety of purposes.

In the future, 3D printing’s flexibility will continue to revolutionize manufacturing by enabling quick responses to customer needs. Globally, the industrial 3D printer market is expected to reach US$107.7 billion by 2031. 3D printing is not just a revolution for industries, it empowers consumers and hobbyists. It allows them to unleash their creative potential and make impossible things possible.

3D printing is undergoing exciting changes thanks to the innovations that are being made. Elegoo is a 3D printing leader that has been making waves in the industry with its innovative approach. Elegoo, a 3D printing leader, has grown from a small startup to an industry giant in just eight years.

We’ll take a closer view of where the industry will be heading.

Innovation Fuels Industry Advancements

Innovation is the driving force behind the rapid development of the 3D Printing Industry. The success stories of startups and entrepreneurs demonstrate the sector’s growth, which is a testament to the industry’s commitment to technological progress.

Elegoo’s success is a result of its innovation. In 3D-printing, the pursuit of sustainability and eco friendliness has reshaped the industry. Elegoo has introduced the Plant-Based Resin which is primarily derived from soya beans. This resin ensures BPA free properties, minimal smell, and virtually no pungent fumes. Elegoo has also introduced PLA filaments. PLA is a biodegradable plastic, which is testament to Elegoo’s commitment to the environment.

The company creates products with a focus automation and intelligence that provide convenience, joy and personalized experiences. Its commitment to customers goes beyond breaking down barriers to foster a shared creative exploration. The company has been able to surpass $100 million in revenue by 2021, and establish itself as the leading consumer choice for 3D printing. Notably, Elegoo’s Saturn series of LCD 3D printers clinched the Gold Winner title at the Globee® 2023 Disruptor Awards, a testament to its innovative prowess in 3D printing and augmented reality.

Globalization and Smart Growth

Elegoo’s meteoric rise is a valuable lesson for entrepreneurs and startups who want to succeed on a global scale. The company’s strategic expansion into Europe, America and Japan has seen it showcase its innovations at major international events such as Formnext in Frankfurt, Germany. This year, Elegoo will also participate in the 3D Printing & Additive Manufacturing events, including RAPID+TCT 2024 in Los Angeles and the Formnext 2024 in Germany.

Elegoo’s reach is impressive, reaching 70+ countries through online platforms like Shopify.com, Amazon.com, eBay.com, and Alibaba. Elegoo’s B2B division has been expanded to serve a wide range of businesses in different industries.

Elegoo, which prioritizes clear communication and after-sales services, plans to work with local dealers across various countries in 2024. This will strengthen its international presence. Elegoo’s road ahead will include more exhibitions, custom showcases for specific market, and a commitment to customer satisfaction.

Crowdsourced Success: The Rise

Crowdsourcing has become a major force in the development of 3D printing startups. Elegoo’s success with Kickstarter campaigns shows the importance of directly engaging customers in the product-development process. Fundraising is not just about raising money; it’s an opportunity to build a loyal community.

Launching revolutionary products such as Jupiter 6K, OrangeStorm Giga, and Phecha not only raised significant funds but also built a loyal community of supporters.

Jupiter 6K launched in 2021, and was awarded the “Best of Kickstarter” by 5,100 backers who pledged $4.7million.

Phecha launched in April of 2023 has garnered 5500 backers with pledges totaling $2.8 million.

OrangeStorm Giga launched on Nov. 4 2023 raised $2.7 million within a week. 2,100 backers pledged $3.8 million by Nov. 27.

Elegoo OrangeStorm Giga

This trend represents a shift towards collaborative innovation where startups leverage the collective power their audience to propel industry advancements.

Final Thoughts

Elegoo’s journey represents a dynamic fusion between innovation, global market growth, and successful crowdsourcing. It is the harbinger of trends that will shape the industry. While the company is committed to pushing technological boundaries, the dedication of the company to develop consumer-level 3-D printers as well as a brave step into the world of industrial-level machines, with OrangeStorm Giga highlights its unwavering focus to deliver innovative and high quality solutions. Elegoo’s story is a reflection of its achievements and demonstrates its commitment to driving technological progress forward. Visit Elegoo to learn more about 3D printing innovations.