IKEA caters for all the key categories of the home or residential furniture market such as living room, dining room, bedroom, kitchen, and outdoor furniture. For more information on available delivery options please see Shipping Methods & Costs Shipping Rules & Restrictions. The business operates 445 stores around the world. IKEA is an example of a RTA furniture retailer.Īs of 2020, IKEA was the eighth most valuable retailer in the world, making it the most valuable furniture retail brand, valued at roughly 21 billion U.S. Such furniture comes flat-packed and are assembled on site. Ready-to-assemble (RTA) furniture is another distinct market. Desks, chairs, cabinets, and lamps can help to create an optimal working environment, where workers feel comfortable and can be at their most productive. Office furniture, a market encompassing the furnishing and interior of office spaces, is one such example. Purchase online for home delivery or pick up at one of our 270+ stores. There are a number of sub-markets within this sector. Shop our great selection of Mid Century Modern Outdoor Furniture at World Market. China is the dominant exporter of furniture and the United States leads for imports. The import and export of furniture is also impacted by such events, however trade values have been growing steadily in recent years. This happened most recently during the 2020 coronavirus pandemic, as reflected in IKEA's sales figures. During a recession, the industry tends to be negatively impacted as consumers cut back on non-essential spending, putting off home redecoration and renovation projects due to lower disposable incomes. As part of the fast moving consumer goods (FMCG) sector, the furniture market tends to rise and fall based on world economic trends.
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