Woodworking machinery manufacturer Homag Group has reported a 13 per cent revenue decline for 2024, reflecting continued pressure on the furniture manufacturing sector. The sharp downturn at one of the industry's leading machinery suppliers signals persistent weak demand across the furniture value chain. Investment in production equipment typically serves as an early indicator of sector confidence, with furniture manufacturers postponing capital expenditure amid uncertain consumer markets. The scale of the revenue drop may have implications for staffing levels at the machinery group and its supplier network.