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IKEA - Statistics & Facts

Founded in 1943 in Älmhult, Sweden, IKEA is an internationally known furniture and home furnishings retailer. It has grown rapidly since its foundation and today it is the world's largest furniture company. The company is recognized for its Scandinavian style, with most IKEA's furniture coming in a flat-pack form, ready to be assembled by the consumer. IKEA is one of the foremost names within the global ready-to-assemble (RTA) furniture market.

IKEA’s business model

In fiscal year 2020, the company generated a global revenue of nearly 40 billion Euros. One of the key competitive advantages IKEA has is its extensive knowledge about the customers. The company understands the purchasing factors which influence customers to buy furniture and implements the best practices to induce that decision. IKEA offers low prices and a huge range of products, constantly introducing new product designs that look stylish in the eyes of customers. All the products are designed so they are easy to transport and assemble. Moreover, the company offers an extremely wide product range and positive shopping experience. All of these factors are aligned with what customers want and need and which results in higher sales. As of 2019, IKEA was the retailer of choice among Americans when shopping for furniture.

IKEA worldwide

In 2020, IKEA was the fourth most valuable retailer in the world, making it the most valuable furniture retail brand, valued at almost 48.1 billion U.S. dollars. The business operates 445 stores around the world and has 50 e-commerce markets. More than 800 million customers visited IKEA stores in 2020. IKEA offers furniture and furnishing products for all areas of the home and also sells outdoor and office products. In addition to its furniture products, the company operates restaurants, houses and flats. Although, the firm’s main business is designing, manufacturing and selling furniture.

Key figures

The most important key figures provide you with a compact summary of the topic of "IKEA" and take you straight to the corresponding statistics.

U.S. Furniture Retail

Key Figures of IKEA

Retail Facts

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "IKEA".

IKEA

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IKEA - Statistics & Facts

Founded in 1943 in Älmhult, Sweden, IKEA is an internationally known furniture and home furnishings retailer. It has grown rapidly since its foundation and today it is the world's largest furniture company. The company is recognized for its Scandinavian style, with most IKEA's furniture coming in a flat-pack form, ready to be assembled by the consumer. IKEA is one of the foremost names within the global ready-to-assemble (RTA) furniture market.

IKEA’s business model

In fiscal year 2020, the company generated a global revenue of nearly 40 billion Euros. One of the key competitive advantages IKEA has is its extensive knowledge about the customers. The company understands the purchasing factors which influence customers to buy furniture and implements the best practices to induce that decision. IKEA offers low prices and a huge range of products, constantly introducing new product designs that look stylish in the eyes of customers. All the products are designed so they are easy to transport and assemble. Moreover, the company offers an extremely wide product range and positive shopping experience. All of these factors are aligned with what customers want and need and which results in higher sales. As of 2019, IKEA was the retailer of choice among Americans when shopping for furniture.

IKEA worldwide

In 2020, IKEA was the fourth most valuable retailer in the world, making it the most valuable furniture retail brand, valued at almost 48.1 billion U.S. dollars. The business operates 445 stores around the world and has 50 e-commerce markets. More than 800 million customers visited IKEA stores in 2020. IKEA offers furniture and furnishing products for all areas of the home and also sells outdoor and office products. In addition to its furniture products, the company operates restaurants, houses and flats. Although, the firm’s main business is designing, manufacturing and selling furniture.

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "IKEA".

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