In the financial year 2024, Europe accounted for about 72.7 percent of IKEA's sales, while Asia accounted for around 9.2 percent. IKEA IKEA is a privately held, international home products company that designs and sells ready-to-assemble furniture such as beds, chairs, desks, appliances and home accessories. In 2023, the company was among the world's most valuable retail brands. In the 2024 fiscal year, the company generated a global revenue of over 45 billion Euros. IKEA's competitive advantage IKEA offers low prices and a huge range of products. This wide range is available in all IKEA stores and customers can order much of the range online through IKEA’s website.Designers constantly introduce new design products 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 the widest product range and positive shopping experience. All of these factors are aligned with what customers want and need and which results in higher sales. Without such extensive customer knowledge and best practices to benefit from that knowledge, IKEA would be unable to outcompete its current competitors.The IKEA vision is to create a better everyday life for all people. This is made possible by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them.

Furniture retailers have faced volatile trading conditions over recent years. The industry’s performance has closely mirrored residential construction trends, as periods of increased housing activity typically bolster furniture sales. Despite a significant uptick in 2020-21, declining residential building construction over the past few years has exerted downwards pressure on furniture demand. Higher living costs and interest rates have also weighed on consumer spending. However, pay later services like Afterpay and Zip Pay have provided some relief, enabling consumers to make incremental payments on big-ticket items and supporting retail activity in a challenging economic environment. Industry revenue is expected to have climbed at an annualised 0.8% over the five years through 2024-25, to $12.0 billion. This includes an anticipated downswing of 0.4% in 2024-25. Consumers have increasingly purchased furniture from department stores, online-only stores and second-hand marketplaces like Gumtree. Furniture retailers have upped the ante, investing more in online platforms to establish true omnichannel, digitally driven and customer-centric businesses. Intensifying industry competition has fuelled fierce price discounting between furniture retailers and boosted demand for ecommerce and digital talents. Despite the competitive environment, lower wage costs – as a result of weak growth in instore staff because of store consolidations over the past few years – have helped improve industry profitability. Looking ahead, income growth and improving consumer sentiment will support stronger spending on furniture goods. Mounting competition from online-only sites will motivate furniture stores to enhance their online sales channels and widen customer reach. While this trend will slow growth in establishment numbers and subdue the need for instore staff as furniture retailers close more unprofitable stores, digitalisation will drive retailers to hire more digital specialists and expand warehouse and distribution centres to fulfil a growing number of online orders. The forecast appreciation of the Australian dollar is set to make international purchases more affordable for furniture stores, supporting stable profit margins despite a relatively high cash rate. The Furniture Retailing industry’s revenue is projected to climb at an annualised 1.6% over the five years through 2029-30, to reach $13.0 billion.

The Australia Furniture Market was valued at USD 10.86 Billion in 2024 and is expected to reach USD 15.35 Billion by 2030 with a CAGR of 5.98%

Online household furniture retailers have had much to celebrate thanks to shifts in consumer habits towards online shopping. Trends in internet subscriber numbers, greater online connectivity and enhanced online platforms have made online shopping more accessible for consumers. At the same time, improvements to website usability and transaction security have increased its appeal. The ability to compare products, offers of lower prices and competitive delivery costs have been added bonuses for consumers in the new furniture market, driving widespread acceptance. All in all, industry revenue is anticipated to grow at an annualised 5.7% over the five years through 2024-25 and is expected to total $1.5 billion in the current year when revenue is set to expand by an estimated 3.8%. Online household furniture orders surged during the pandemic as lockdown periods and trading restrictions caused consumers to shop online in droves. Pandemic restrictions fuelled spending on home improvements, which, in turn, led to a spike in sales of bedroom, lounge and outdoor furniture. Despite the hype, online household furniture retailers have struggled in the post-pandemic environment, with rising inflation and higher interest rates leading to a cost-of-living crisis. While purchase costs have climbed due to rising input prices and inflated freight costs, profitability has expanded, largely owing to earlier gains. Going forwards, online shopping's flourishing popularity is set to underpin continued online household furniture sales. With internet subscriber numbers as a foundation, shifts towards online shopping will also benefit from enhanced online connectivity and data-driven platforms. Traditional bricks-and-mortar retailers will continue to make their foray into online shopping, growing the industry's enterprise and establishment base and heightening competition. Sales are also likely to stem from an upswing in residential building construction, with more homes creating a need for more furniture. Industry revenue is forecast to grow at an annualised 3.5% over the five years through 2029-30 to total $1.8 billion.

IKEA is a Proprietary Company that generates the majority of its income from the Furniture Retailing industry.

The Australia Office Furniture Market was valued at USD 2.45 Billion in 2024 and is expected to reach USD 3.03 Billion by 2030 with a CAGR of 3.66%

The Furniture & Homeware eCommerce market in Australia is predicted to reach US$5,930.1m revenue by 2025. The top online retailers in the market are ikea.com, templeandwebster.com.au and woolworths.com.au.

The Online Home Furnishing Sales industry has exhibited a roller-coaster trajectory in recent years. The initial stages of the pandemic ignited a boom for online retailers as consumers, confined to their homes, sought to enhance their living spaces with new furnishings. However, the post-pandemic landscape has introduced challenges. Strong inflation and high interest rates have meant consumers have become more frugal, prioritising essential purchases over discretionary spending. Volatile consumer purchasing power has challenged online furnishing retailers. Industry revenue is anticipated to have risen at an annualised 9.3% over the five years through 2024-25, to $2.1 billion. This includes expected growth of 5.3% in 2024-25, owing to a hike in discretionary income. Technological advancements and evolving consumer habits have significantly influenced the trading landscape for online retailers. The widespread use of technology and improved internet infrastructure have paved the way for a more seamless shopping experience. This has led to a broader acceptance of online purchasing, including for home furnishings. Retailers like Temple & Webster have seized this opportunity, diversifying their product lines and implementing advanced marketing strategies to appeal to an increasingly tech-savvy population. The influx of new players in the industry has sparked a competitive race to capture market share, resulting in a diversification of product offerings, improved logistics and innovative marketing techniques. Companies have made significant progress in enhancing ecommerce interfaces and aligning product selections with contemporary design trends, helping to support an upswing in profitability over the past five years, even as competition has intensified. Going forwards, industry revenue is forecast to climb at an annualised 4.3% over the five years through 2029-30, to $2.6 billion. Online shopping's continued popularity will underpin and drive home furnishing sales. Growing online connectivity, thanks to the 5G network rollout and the option of fibre connections, will give online sites the capacity to introduce 3D virtualisation systems, improving sales. Competition will heat up as more traditional bricks-and-mortar retailers become omni-channel retailers, entering the online domain. Increased acceptance of online shopping among older consumers and innovative new delivery methods are set to support industry revenue growth.

The Indonesian furniture industry has experienced steady growth, with a market size valued at XX million in 2025. Fueled by a CAGR of 7.00%, the industry is projected to reach a substantial value by 2033. Increasing urbanization, a growing middle class, and rising disposable incomes are the primary drivers of this growth. Additionally, the industry benefits from Indonesia's abundant natural resources, such as wood and rattan, which serve as raw materials for furniture production. The Indonesian furniture industry is highly competitive, with a presence of both domestic and international players. Some of the notable companies operating in this market include VIVERE, Informa Furnishings, Chitose Internasional, Gema Grahasarana Tbk, Republic Furniture Group, Lio Collection, IKEA, Raisa House of Excellence, and Wisanka. The industry is also characterized by a strong export market, with Indonesia being a major supplier to countries in Southeast Asia, East Asia, and Australia. However, the industry faces certain restraints, such as fluctuations in raw material prices, competition from low-cost countries, and environmental concerns related to deforestation. Recent developments include: In January 2022, Indonesia approved a $6 billion merger of telco units of Qatar's Ooredoo and Hong Kong's CK Hutchison., In October 2022, Indonesian furniture retailer Febelio has declared bankruptcy.. Key drivers for this market are: Growing E-Commerce Segment Supporting The Hammocks Market, Growing Global Outdoor Tourism. Potential restraints include: Unorganized Market In Asia Pacific Region. Notable trends are: Growing Tourism in Indonesia is Driving the Market.