IKEA is an internationally known home furnishing retailer. IKEA’s annual revenue has seen constant growth over the past two decades. In 2024, revenue amounted to over 45 billion euros. Where was IKEA founded? IKEA is a Dutch-based Swedish multinational company. It was founded in 1943 as a mail-order sales business and began to sell furniture in 1948. The first IKEA retail store was opened in 1958 in Småland, Sweden. Today it is the world's largest furniture retailer, recognized for its Scandinavian style. In 2024, Europe was home to the most IKEA stores worldwide, with over 280 stores across the continent. All other regions accounted for less than 200 stores. How does IKEA work? Low prices are the cornerstone of the IKEA business idea and the company always tries to do things as efficiently and cost-effective as possible. The business’ innovations include new materials that contribute more to a sustainable environment, which are also less costly whilst using the newest ways of packaging, handling and transporting materials. Their business model works; IKEA’s worldwide brand value reached almost 16 billion euros in 2023.

In the financial year 2024, the global gross profit of IKEA amounted to roughly 13.9 billion euros, down from around 14.7 billion recorded a year earlier. IKEA's unique selling proposition IKEA is an internationally known home furnishing retailer with the vision of 'creating a better everyday life for the many people'. The company's products are flat-pack, ready to be assembled by the consumer. This allows a reduction in costs and packaging. Low prices are the cornerstone of the IKEA business idea and the company always tries to do things as efficiently and cost-effective as possible. The business’ innovations include new materials that contribute more to a sustainable environment and are less costly or using the newest ways of packaging, handling and transporting materials. IKEA's brand value As of 2024, is not only IKEA the most valuable furniture retailer brand in the world, it is also among the leading retail brands globally, valued at around 22 billion U.S. dollars. The business operates 480 stores and is present in the world's major markets. In 2024, there were almost 900 million customer visits to IKEA stores, and 4.6 billion visits in the company's online webpage IKEA.com.

Retail sales of IKEA North America Svcs in the United States amounted to about 5.65 billion U.S. dollars in 2023, down from around 5.87 billion recorded a year earlier. IKEA operates 54 stores in the United States. IKEA IKEA is an internationally known home furnishing retailer. It has grown rapidly since it was founded in 1943. Today it is the world's largest furniture retailer, recognized for its Scandinavian style. The majority of IKEA's furniture is flat-pack, ready to be assembled by the consumer. This allows a reduction in costs and packaging.One of the key competitive advantages IKEA has is its extensive knowledge about the customers. The company understands the purchasing factors that influence customers to buy and implements the best practices to induce that decision and, as a result, has become one of themost loved companies worldwide.Low prices are the cornerstone of the IKEA business idea and the company always tries to do things as efficiently and cost-effective as possible. To drive costs down all the time, the company must find new and innovative ways to do that and to incorporate them in its business model. The business’ innovations include new materials that contribute more to a sustainable environment and are less costly or using the newest ways of packaging, handling and transporting materials.

The furniture and home goods retailer IKEA had a global net income of approximately 806 million euros in the financial year 2024, marking a significant decrease from the previous year. The company’s net income peaked in FY 2016 at 4.2 billion euros but has fluctuated since then. IKEA The Swedish furniture company IKEA was founded in 1943 as a mail-order catalogue before opening its first retail location; it has since made a name for itself as an affordable, modern, and stylish furniture retailer, with a global presence. In 2024, IKEA Group’s annual revenue amounted to 45.1 billion euros, down from 47.6 billion euros in the previous year. IKEA online presence In the financial year of 2024, online sales represented 26 percent of the total retail sales of IKEA. The company's web site ikea.com received 4.6 billion visitors in 2024, an increase compared to the previous year. In 2021, the number of online visits to the IKEA website hit its peak at five billion, likely due to the COVID-19 lockdowns and limited access to physical stores.

The online revenue of ikea.co.id amounted to US$26.4m in 2024. Discover eCommerce insights, including sales development, shopping cart size, and many more.

This statistic presents the revenue of the furniture manufacturer, IKEA, in Germany from the financial year 2006 to 2024. Over the given time period, IKEA's revenue in Germany has mostly increased, reaching approximately 6.16 billion euros in the 2024 financial year.

UAB IKEA Industry Lietuva financial data: profit, annual turnover, paid taxes, sales revenue, equity, assets (long-term and short-term), profitability indicators.

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

The online revenue of ikea.bg amounted to US$12.6m in 2024. Discover eCommerce insights, including sales development, shopping cart size, and many more.

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.

IKEA Purchasing Services (Lithuania), UAB financial data: profit, annual turnover, paid taxes, sales revenue, equity, assets (long-term and short-term), profitability indicators.

The online revenue of ikea.es amounted to US$50.4m in 2022. Discover eCommerce insights, including sales development, shopping cart size, and many more.

The revenue of Inter IKEA with headquarters in the Netherlands amounted to 26.54 billion euros in 2024. The reported fiscal year ends on August 31.Compared to the earliest depicted value from 2020 this is a total increase by approximately 2.93 billion euros. The trend from 2020 to 2024 shows, however, that this increase did not happen continuously.

Explore Ikea Möbel through data • Key facts: country, employees, revenues, company type, ESG score • Real-time news, visualizations and datasets

In the financial year of 2024, about 71 percent of IKEA's global retail sales were generated in the company's existing retail stores. In comparison, online sales of the Swedish furniture retail conglomerate made up to about 26 percent of its global sales. Global impact of IKEA With it’s first store opening back in 1958 in Älmhult, a small town in the south of Sweden, IKEA has now grown into the world’s largest furniture retailer. Over the years, IKEA’s global annual revenue has shown a general increase, reaching over 45 billion euros in 2024. IKEA online With nearly one quarter of its revenue generated through online sales, IKEA’s web store is favored amongst global consumers. In 2023, IKEA.com ranked third amongst competitors worldwide in terms of e-commerce sales. In 2024, IKEA.com was visited over 4.5 billion times globally.

In 2025, it was estimated that Swedish furniture retailer IKEA generated approximately 11.6 billion U.S. dollars in e-commerce net sales worldwide. This marked an increase from the previous year's revenue estimates reaching 11.4 billion dollars.

Visiting the restaurant when going to IKEA is one of the popular pastimes alongside actually shopping for furniture. IKEA restaurant revenues only increased in recent years, amounting to 267 million euros in 2022. Diversified businesses As a company IKEA has diversified businesses, being active not just with furniture products and restaurants, but also houses and apartments. Increasing revenues were recorded in recent years, with 45.1 billion euros generated worldwide in 2024. Based on revenue, IKEA was also the leading furniture retailer in Germany. Germany leads in IKEA sales IKEA is popular all over the world for furniture shopping, but there are several countries which take the lead in terms of products sold. Germany was in first place, outstripping the U.S. and France.

The next fact is probably easy to guess. In 2023, IKEA was the most popular furniture retailer in Germany, with over 6.4 billion euros generated in revenue. This was far ahead of XXXLutz and the Otto Group. The Swedish retailer remains the first stop for the majority of Germans searching for furniture. Market leader IKEA brand awareness in Germany was extremely high, at 94 percent in 2023. 57 percent of respondents to the respective survey stated they used IKEA stores. The Swedish furniture retailer is extremely present throughout Germany and has become the go-to household name. While it is by no means a cheap store, the stock generally includes a wide range of prices. IKEA also advertises easy item assembly, aiming to become as accessible as possible to an extensive clientele looking for a quick furniture solution. Revenue figures have increased annually in Germany. Furniture shopping from home Long gone are the days when consumers had to physically go to a furniture store to find what they were looking for, though they might still do so today, especially where bigger items are concerned. Online shopping has stepped into the furniture arena as well, with customers browsing and ordering to their heart's content on e-commerce platforms such as amazon.de, ikea.com and otto.de. Amazon and Otto are multichannel retailers, with Otto having German roots. ikea.com generated almost 1.17 billion U.S. dollars in net sales in 2023.

European furniture manufacturing revenue is slated to contract at a compound annual rate of 4.6% over the five years through 2024. Weak economic conditions, initially stemming from the COVID-19 pandemic but then worsened by the cost-of-living crisis, has weakened demand for new construction projects, reducing the number of new spaces that require furnishing. While builders saw a post pandemic boom in renovation activity, inflationary pressures weakened disposable incomes and caused people to cut their discretionary spending, limiting furniture purchases. Businesses have increasingly preserved cash and opted to postpone or cancel significant construction projects, especially after interest rates were hiked to help combat soaring inflation, causing the cost of borrowing to spike. In 2024, revenue is expected to dip by a further 3.7% to €49.3 billion. Sales to construction companies will continue to suffer, as high interest rates have led to many would-be home buyers being priced out of the market. This has weakened demand for new houses and led to property developers reducing output. At the same time, business and consumer confidence remains weak. Low consumer spending will also hinder demand from businesses like retailers and service providers (e.g. hotels and restaurants), as these businesses see demand for their own services fall as consumers cut back, slashing their own spending budgets. Over the five years through 2029, revenue is forecast to expand at a compound annual rate of 2% to reach €164.5 billion. Economic conditions will improve as inflation eases, prompting central banks to lower interest rates. As interest rates fall, the cost of borrowing will follow suit, driving up the number of people meeting the affordability criteria for mortgages and spurring new construction activity from housebuilders, which will create a greater need for new furniture. Businesses will also be more likely to undertake significant construction projects and buy new furniture, creating more revenue opportunities for furniture makers.

In the fiscal year 2024, IKEA Korea's sales revenue amounted to approximately 625.8 billion South Korean won. This was an increase compared to the previous year recorded around 600.7 billion won.