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 financial year 2021, the company generated a global revenue of nearly 42 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 consumer satisfaction rates and higher sales. According to a survey conducted in 2021, IKEA was one of the most popular department and home stores in the United Kingdom.

IKEA worldwide

In 2021, IKEA was the eighth most valuable retailer in the world, making it the most valuable furniture retail brand, valued at over 21 billion U.S. dollars. The business operates 458 stores around the world and has 50 e-commerce markets. Roughly 775 million customers visited IKEA stores in 2021. IKEA offers furniture and furnishing products for all areas of the home and also sells outdoor and office products. Although the firm’s main business is designing, manufacturing, and selling furniture, in addition to its furniture products, the company operates restaurants, houses, and flats.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Sep 12, 2022

Key insights

Value of the global furniture market
557bn USD
Estimated value of the global ready-to-assemble furniture market
13.8bn USD
Brand value of IKEA
23.4bn USD
Get more insights

Editor’s Picks Current statistics on this topic

Annual revenue of the IKEA Group worldwide from 2001 to 2022 (in billion euros)

Furniture Retail

IKEA: annual global sales 2001-2022

Number of stores of the IKEA Group worldwide in 2023, by region

Furniture Retail

IKEA: number of stores in 2023, by region

Number of visits to IKEA.com worldwide from 2010 to 2022 (in millions)

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IKEA.com: number of visits globally 2010-2022

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Furniture market in the U.S.
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Furniture industry in the EU
Furniture industry in the EU
Office furniture in the U.S.
Office furniture in the U.S.
Outdoor furniture market in the U.S.
Outdoor furniture market in the U.S.
Ready-to-assemble (RTA) furniture retail in the U.S.
Ready-to-assemble (RTA) furniture retail in the U.S.

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