Automotive

Thermwood Corporation

Company Profile Analysis

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Thermwood Corporation - Automotive showcase

Year Founded & Workforce

1968-12-31

Industry

AutomotiveB2BB2C

Services

T

Thermwood Corporation Overview

Company Headquarters: US

Founded: 1969

Workforce: NA

Company Working:

Thermwood Corporation is a CNC machinery manufacturer. It offers CNC routers under 5 divisions namely, 3 axis nested base, 3 axis framebuilder, 3 axis multipurpose, 3 axis autoprocessor, and 5 axis multipurpose. It also offers large scale additive manufacturing machines (LSAM), and some software products including Mastercam, moldplus, panelmetrix, KCD, microvellum, and cabinetPro. Automatic tool length sensor, automatic load/unload system, and automatic tool changer are some of the advanced features of the CNC routers offered by the company. It offers its products for applications, such as aerospace, automobile, composite fabrication, education, additive manufacturing, alluminum/non ferros metal, architectural millwork, store fixtures, furniture manufacturing, and machining plastic sheets. Marine, medical, residential/commercial construction, solid surface processing, three dimensional patterns and molds, upholstered frames, and defense are among other application areas of its products.

The company has distribution in Australia, Canada, China, Germany, India, Israel, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, and the UK.

Strategy

Thermwood Corporation strategizes to use advanced manufacturing techniques, such as finite element analysis, vibration stress relief, and three-dimensional laser interferometer calibration, which help the company, meet the customers requirement while manufacturing advanced CNC routers. It focuses on research and development of ultra-high-performance control system design, real-time software development, CAD/CAM software development, advanced machine structure design, machine motion dynamics, thermal design, and polymer science.

Company Snapshot

1968-12-31

Founded

US

Headquarters

SWOT Analysis

Strengths

  • Strong global distribution channel
  • String research and development investment
  • Strong CNC router products
  • Focus on competitive market practices
  • Strong R&D effort combined with core skills in diverse technical areas

Weaknesses

  • Lack of manufacturing centers located outside the US
  • Less Initial capital investment
  • Dependent on Indiana, US

Opportunities

  • Scope of enhancing distribution channel in South America
  • Strategic mergers and acquisitions with industrial manufacturing companies
  • Emergence of New Product Development
  • Tie-up with local players can also provide opportunities of growth for the Thermwood Corp.

Threats

  • Foreign currency exchange risks
  • Volatile raw material costs
  • Saturation in urban market and stagnation in the rural markets
  • Competitive pressures

Key Developments

DateApproachDevelopment
September 2020Product DevelopmentThermwood Corporation oldest manufacturer of highly flexible 3 and 5 axis CNC routers and entered the 3D printing industry five years ago with a unique hybrid machine.

Product Offering

  • Thermwood Corporation
    • CNC Router
    • Global CNC Router Market

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Thermwood Corporation as part of our ongoing coverage of the Automotive sector, drawing on public company data, filings, and market intelligence.

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Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Thermwood Corporation

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