Automotive

HOMAG Group

Company Profile Analysis

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HOMAG Group - Automotive showcase

Year Founded & Workforce

1959-12-31

7,525 Employees

Industry

AutomotiveB2BB2C

Services

H

HOMAG Group Overview

Company Headquarters: Baden-Württemberg

Founded: 1960

Workforce: ~7,525

Company Working: Homag Group is world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops. The company produces home and office furniture, kitchens, parquet and laminate flooring, windows, doors, staircases and even complete prefabricated timber-frame buildings. The range of machines and systems available extends from individual machines for trade businesses to complete, networked production lines for highly industrialized, individual furniture production. Homag Group has a wide range of services related to the machines and systems together with the corresponding control software makes our offering unique. The company operates 14 production facilities and over 20 sales and service companies. Homag Group has a presence in Asia, Australia, New Zealand, Canada, China, India, Korea, North America, Thailand, UK.

Strategy

HOMAG Group focuses on the development of the organization and operations across the world. The company invests in the hiring of technical expertise to strengthen the teams for the rapid and professional support service and innovation power, globally. It aims to follow mergers and acquisitions as strategies to expand and strengthen its global footfall. Furthermore, it plans to invest in the development of innovative advanced solutions to cater to the requirements of wood processing and furniture application.

Company Snapshot

$1,255.2M

Revenue

7,525

Employees

1959-12-31

Founded

Baden-Württemberg

Headquarters

SWOT Analysis

Strengths

  • Diversified product portfolio
  • Strong global presence
  • Market leading position in industrial wood working machinery
  • Diversified equipment portfolio with focus on Strong global market presence
  • Assessing feasibility of the new initiative in Germany

Weaknesses

  • Limited supply and distribution channels
  • High dependency on the Asia-Pacific market for revenue generation.
  • Merger and Acquisition (M&A) strategies with multiple leading businesses for strong project execution

Opportunities

  • Scope in investment in advancement of industrial machinery
  • Expansion in developing countries
  • Strategic partnership to strengthen its market position
  • Growing demand for Cnc router machines

Threats

  • Fluctuation in the raw material prices
  • Change in trade policies and interest rates
  • Sales is vulnerable to fluctuation in exchange rate
  • Fluctuating raw materials

Key Developments

DateApproachDevelopment
March 2022PartnershipHomag Group partnership with Karl Heesemann Maschinenfabrik GmbH & Co. KG. The scope of HOMAG's product portfolio has grown considerably in recent years. At the same time, high demand from a large number of customer segments and growth areas requires a bundling of resources in the areas of R&D and production.
July 2022Product DevelopmentHomag Group presenting an extensive selection of machines that already shine individually or that, supplemented by a robot, contribute to the optimum performance increase, for the target group of CNC processing and drilling technology.

Product Offering

  • Homag Group
    • Global CNC Router Market

Financial Performance

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About the Author

Wantstats Research Team

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

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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

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Peter Groot Koerkamp
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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.
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.

HOMAG Group

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