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Industry revenue of “retail sale of furniture, lighting equipment“ in Austria 2012-2024

Industry revenues from the retail sale of furniture and lighting equipment in Austria are projected to grow steadily from 5.1 billion U.S. dollars in 2019 to 6.2 billion U.S. dollars by 2024. Key reasons include a rise in indigenous manufacturing, low tariff rates, product innovations and the growing consumer spending on furniture products. The country is the twelfth largest in Europe in terms of the number of furniture manufacturers, with the MHK Group, followed by Garant and WohnUnion being the market leaders. It is also the tenth largest exporter of furniture in the EU, with Germany, Switzerland and Italy being the leading destinations.

IKEA to open its first car free store in Vienna

In tandem with its pledge to reduce more carbon emissions than it emits by 2030, IKEA has begun construction of its ‘most innovative and green’ store in Vienna. Known as IKEA in the city, the facility is expected to have nearly 160 trees planted within its premise, with no space for car parking. Consumers can book their furniture in the store and expect it delivered within 24 hours. The facility is expected to be complete by 2021.

Industry revenue of “retail sale of furniture, lighting equipment“ in Austria from 2012 to 2024

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.123

The industry classification is based on the NACE Rev.2 - system in Austria. The industry “retail sale of furniture, lighting equipment and other household articles in specialised stores“ has the code “G4759“.

Details on the methodology can be found here.

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