INDIA FURNITURE MARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION)TABLE 33. Amazon. It has a thriving furniture market because there is a great availability of natural resources. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2015-2018* (%)FIGURE 06. Please do not hesitate to contact me. Market size and forecast, by type6.2.5.2. Key market trends, growth factors, and opportunities6.5.2. Start reading instantly ,This title and over 12000 thousand more,available with Avenue Library, T&C*, Call us on ( U.S. - Canada toll free ) +1-800-792-5285,    Int'l : +1-503-894-6022 ( Europe ) + 44-845-528-1300 Drop us an email at help@alliedmarketresearch.com. This outstrips the wider performance of Ikea globally, which saw sales grow 5%. Market size and forecast, by type6.5.8.2. It is headquartered in the Netherlands. SOUTH KOREA FURNITURE MARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION)TABLE 39. SPAIN FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 17. "Retail Sales Share of Ikea Worldwide in Fiscal Year 2020, by Sales Channel. Market size and forecast, by distribution channel, 6.4.8.1. GERMANY FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 15. View original. MODERATE THREAT OF SUBSTITUTIONFIGURE 10. This furniture combines pet bed and owner’s furniture including coffee table, bedside table, and chair, in a single product. Projections cited in the report E-Commerce: United States expect furniture and furnishings to be the fastest-growing segment of e-commerce sales through 2022. Ikea is the provider of affordable, stylish, modern architectural designed furniture, kitchenware and appliances that are shaping the comfortable living of people around the world. Please create an employee account to be able to mark statistics as favorites. Key findings, 3.2.1. ASIA-PACIFIC FURNITURE MARKET, BY COUNTRY, 2017–2025 ($MILLION)TABLE 29. GLOBAL FURNITURE MARKET SHARE, BY TYPE, 2017 (%)FIGURE 14. Based on type, it is classified as RTA, residential, and commercial. ITALY FURNITUREMARKET, 2017–2025 ($MILLION)FIGURE 23. CHINA FURNITURE MARKET, 2017–2025 ($MILLION)FIGURE 26. AUSTRALIA FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 36. AUSTRALIA FURNITURE MARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION)TABLE 37. Furniture Stores in the US industry outlook (2020-2025) poll Average industry growth 2020-2025: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. Then you can access your favorite statistics via the star in the header. JAPAN FURNITURE MARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION)TABLE 35. UK FURNITUREMARKET, 2017–2025 ($MILLION)FIGURE 22. FURNITURE MARKET SEGMENTATIONFIGURE 03. Accessed December 17, 2020. https://www.statista.com/statistics/946210/ikea-sales-share-by-sales-channel-worldwide/, IKEA. Key market trends, growth factors, and opportunities6.3.2. BRAZIL FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 45. ITALY FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 21. Total Starbucks locations globally 2003-2019, Market share of leading carbonated beverage companies worldwide, Revenue and financial key figures of Coca-Cola 2009-2019, Profit from additional features with an Employee Account. They have introduced advanced designs to boost the demand for furniture. LOW BARGAINING POWER OF SUPPLIERSFIGURE 08. Additionally, minimal use of sustainable material and online retailing of furniture also boosts the market demand among the various income groups. In 2017, specialty store was the leading segment in the global market, owing to wide range of furniture category that is offered by specialty store. In commercial spaces, furniture plays an important role in seating arrangements and document storage. Growing inclination of customers toward modular furniture, 3.4.2.1. Market size and forecast, by type6.5.3. Perhaps the most notable and disruptive shift is the rise of e-commerce in the furniture industry. In my previous article, I have performed Ikea swot analysis, if you are interested give it a try. Market size and forecast, by distribution channel, 6.4.10.1. The key countries in all the major regions are mapped based on their furniture market share. Market size and forecast, by type6.3.7.2. Figure 1b: Chart shows estimated online market share of orders by month for Wayfair, Overstock.com, and Ikea from January 1, 2017 to August 31, 2019, according to Edison Trends. Asia Pacific region is expected to overtake North American furniture market in the forecasted period in terms of market share. It is considered as the world’s largest furniture designer. Also, some companies provide “designing your own interior sitting at home” service with the help of an online interactive room designer software. Market size and forecast, by country6.2.5. TOP WINNING STRATEGIES, BY COMPANY, 2015-2018*FIGURE 07. SPAIN FURNITURE MARKET, 2017–2025 ($MILLION)FIGURE 21. Amazon has recently launched its furniture brand – Rivet and Stone & Beam and will serve as Amazon’s first-ever home furnishing brand. June 6th 2019. All prices in USD, To ensure high-level data integrity, accurate analysis, and impeccable forecasts, On-demand customization of scope of the report to exactly meet your needs, Targeted market view to provide pertinent information and save time of readers. Market size and forecast, by type6.4.8.2. CANADA FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 08. Market size and forecast, by type6.5.7.2. Market size and forecast, by distribution channel, 6.3.7.1. Key market trends, growth factors, and opportunities6.4.2. Research methodology, 1.4.1. MEXICO FURNITURE MARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION)TABLE 11. REST OF EUROPE FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 25. Product Insights. Market size and forecast, by distribution channel, 6.2.7.1. To understand geography trends, Download Sample Report. Market size and forecast, by type6.4.7.2. Commercial Furniture Retail Market: Global Key Players, Trends, Share, Industry Size, Growth, Opportunities, Forecast To 2024 . Germany, 6.3.5.1. The global furniture market is segmented based on type, distribution channel, and region. Depending on end use, furniture designs can be modified through machine-based processes and handcrafting. REST OF LAMEA FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 51. The overall demand for furniture has increased among urban households, as consumer in urban area furnish their home to increase comfort level and live luxuries lifestyle. INDIA FURNITURE MARKET, 2017–2025 ($MILLION)FIGURE 27. $39 per month* U.S. FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 06. REST OF ASIA-PACIFIC FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 40. NORTH AMERICA FURNITURE MARKET, BY COUNTRY, 2017–2025 ($MILLION)TABLE 05. The rapid pace of urbanization, increase in single and dual living households, and rise in trend of classy yet compact furniture for enhancing the overall household aesthetics support the adoption of folding furniture. Write us on media@alliedmarketresearch.com. Market size and forecast, by distribution channel, 6.4.9.1. E-commerce sales grew 43%, the company said. Furniture are movable items such as chairs, beds, cupboards, tables, shelves, or in form of decorative art used at various places. Threat of new entrants3.3.5. Booming real estate industry in the current scenario is driving the global furniture market. The household segment accounted for large market share with a value estimated to … FURNITURE MARKET SNAPSHOTFIGURE 02. U.S. 6.2.5.1. Ikea is a furniture company that designs and sells many kinds of ready to assemble furniture, home accessories and kitchen appliances. Top winning strategies, 3.3.1. The company have an exclusive museum to showcase its creativity in Almhult, Sweden. Directly accessible data for 170 industries from 50 countries Furniture Market Size was over USD 575 billion in 2018 and will witness a CAGR around 5 % between 2019 and 2026. Then you will be able to mark statistics as favourites and use personal statistics alerts. Market size and forecast, by region. Market size and forecast, by distribution channel, 6.2.6.1. SOUTH KOREA FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 38. Sales share of the U.S. furniture and bedding industry in 2018, by channel Topics IKEA U.S. Furniture Retail Walmart Home Improvement Mattress Retail in the U.S. Development of eco-friendly raw materials3.4.3.2. India Furniture Market Size, Share and Analysis 2024 By Supply (Domestic & Imported), By Sector Type, By Type (Home Furniture, Office Furniture & Institutional Furniture), By Product Type, By Point of Sale, By Raw Material Type, Competition, Forecast & Opportunities, Market size and forecast, by country6.4.5. "Retail sales share of IKEA worldwide in fiscal year 2020, by sales channel." UK FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 19. Naturally there are many Ikea competitors. ASIA-PACIFIC FURNITURE MARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION)TABLE 28. Need help? Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: * New stores opened during FY20. FRANCE FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 23. Without further due let us discuss top ikea competitors. REST OF ASIA-PACIFIC FURNITURE MARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION)TABLE 41. New, Everything you need to know about the industry development, Find studies from all around the internet. UAE FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 49. FRANCE FURNITUREMARKET, 2017–2025 ($MILLION)FIGURE 24. However, scarcity of skilled labor, better transportation facilities, and infrastructure facilities may act as a hindrance for the global furniture market. NORTH AMERICA FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 03. Performance of China’s furniture market: decreasing performance in 2018 According to the National Bureau of Statistics, in 2015, there were 5,290 furniture enterprises in China with a total estimation of 769.61 million pieces of furniture produced. Ikea also grew its market share in the UK to 9%. Market size and forecast, by distribution channel, 6.4.6.1. A range of beds and sofas are available in the industry, which is designed according to the weight, size, … Industry trends that are popular and are causing a resurgence in the market growth are identified. NORTH AMERICA FURNITUREMARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION)TABLE 04. EUROPE FURNITURE MARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION)TABLE 13. Amazon started a free shipping policy for both the brands. Pandemic disrupted the entire world and affected many industries. Please contact us to get started with full access to dossiers, forecasts, studies and international data. By end-use, the household segment accounted for the larger market share … EUROPE FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 12. By Steve Hawkes 05 October 2013 • 8:45pm Political – As part of the national or global trends and changes, IKEA is just one example of firms that are successful in both domestic and international business . Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook The furniture market remains robust, as resilient consumer confidence, the return of real wage growth and a rise in new households maintained spending even as housing transactions cooled for a second year. Market definition and scope3.2. REST OF LAMEA FURNITURE MARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION), FIGURE 01. Market size and forecast, by type6.4.5.2. Market size and forecast, by distribution channel6.5.4. Market size and forecast, by distribution channel, CHAPTER 6:    FURNITURE MARKET, BY REGION, 6.1.1. Intensity of competitive rivalry, 3.4.1.1. REST OF EUROPE FURNITURE MARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION)TABLE 26. In addition, emerging new species of wood tree for furniture manufacturing and marketing through internet are some of the factors that are expected to contribute to the growth of the market across the globe. Market size and forecast, by distribution channel, TABLE 01. ASIA-PACIFIC FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 27. MEXICO FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 10. Number of stores of the IKEA Group worldwide 2019, by region, Global furniture market size from 2020 to 2027, Sales of the leading furniture stores in the U.S. in 2019. U.S. FURNITURE MARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION)TABLE 07. Register in seconds and access exclusive features. Market size and forecast, by distribution channel, 6.4.7.1. Bargaining power of suppliers3.3.2. FY20 (the fiscal year of 2020) is the period from September 1, 2019 to August 31, 2020. IKEA operates in a extremely competitive industry, characterized by other low priced furniture producers such as Galiform of England and retailers such as Wal-Mart of the United States. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Based on distribution channel, the market is categorized into supermarkets & hypermarkets, specialty stores, e-commerce, and others. In addition, the increase in income levels and change in lifestyle of consumers are expected to further drive the market growth. All Rights Reserved. FRANCE FURNITURE MARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION)TABLE 24. The market is driven by various factors such as rise in disposable incomes, growth of real estate and hospitality industries, and demand for luxury and premium furniture from certain consumer sections. GERMANY FURNITURE MARKET, 2017–2025 ($MILLION)FIGURE 20. Tie-ups between furniture manufacturers and interior designers is another trend gaining popularity in the industry and are acting as an emerging sales channel for the manufacturers. CANADA FURNITURE MARKET, BY DISTRIBUTION CHANNEL , 2017-2025 ($MILLION)TABLE 09. and over 1 Mio. CHINA FURNITURE MARKET, BY TYPE, 2017-2025 ($MILLION)TABLE 30. HIGH BARGAINING POWER OF BUYERSFIGURE 09. SAUDI ARABIA FURNITURE MARKET, 2017–2025 ($MILLION)FIGURE 33. Wooden Furniture Market size valued at USD 420.8 billion in 2019 and is projected to grow at a steady CAGR of 5.7% from 2020 to 2026.Expanding infrastructural development coupled with supportive funding for housing projects by the government sector is likely to create potential market growth opportunities.
In addition, their ability to innovate and diversify their products has also been identified as part of the strategy of IKEA. TOP WINNING STRATEGIES, BY YEAR, 2015-2018*FIGURE 05. Market size and forecast, by distribution channel6.2.4. By region, North America was the largest market for furniture in 2017 due to increase in spending capacity of the consumers and real estate sector. Global furniture market is projected to reach $800,596 million by 2025 end, with a CAGR of 3.5% from 2018 to 2025. Considering the morbid economic climate prevailing in US and European markets, these statistical figures can be considered as a positive sign for continual growth of the company. Market size and forecast, by type6.4.6.2. The report includes details of the analysis of the regional and global markets, key players, market segments, application areas, and growth strategies. The Growth of Online Furniture Sales. Learn more about how Statista can support your business. CXO perspective, 3.1. The rise in the global economy has increased the spending capacity of the consumers, which in turn has impelled the sale of branded furniture items in the market. Furthermore, eco-friendly furniture is witnessing increased demand due to growing environmental awareness among the consumers in the region. The industry is dominated by furniture specialists but stores are taking an increasingly intermediary role as consumers migrate online at the start and end of the purchasing journey. Restaurant Furniture Market Share 2020 Industry Size, Growth Factor, Top Key Players, Trends, Drivers, Types and Applications, Forecast to 2026 . Ready-to-assemble (RTA) furniture retail in the U.S. AUSTRALIA FURNITURE MARKET, 2017–2025 ($MILLION)FIGURE 29. It has around 380 stores worldwide and is driving the furniture market in the developing nations. Coupled with this is the increased propensity to spend on lifestyle and consumer products, driven by increased ease of financing for consumer durables and increased exposure to global furniture products. Market size and forecast, by distribution channel, 6.3.6.1. Market size of the global office furniture market from 2018 to 2024 Largest office furniture companies worldwide in 2020, by revenue Annual global sales of IKEA 2001-2020 LOW THREAT OF NEW ENTRANTSFIGURE 11. Statista. Market size and forecast, by distribution channel, 6.5.8.1. Ikea Ltd is still the clear leader of the home furnishings category in Canada, and in 2019 gained value share in an otherwise fragmented environment. MEXICO FURNITURE MARKET, 2017–2025 ($MILLION)FIGURE 19. U.S. FURNITURE MARKET, 2017–2025 ($MILLION)FIGURE 17. End-uses of the Furniture Market include commercial and household. JAPAN FURNITURE MARKET, 2017–2025 ($MILLION)FIGURE 28. Market size and forecast, by distribution channel6.4.4. In addition, increase in government investments in infrastructural development boosts the furniture market demand in the residential and commercial sector in near future. STICKLEY, INC., Kimball International, Inc., Okamura Corporation, Heritage Home Group LLC, and Durham Furniture Inc. 1.1. The integration of internet of things into furniture products is projected to further escalate the market growth. CANADA FURNITURE MARKET, 2017–2025 ($MILLION)FIGURE 18. Start reading instantly ,This title and over 12000 thousand more,available with Avenue Library, T&C*. Threat of substitution3.3.4. Key market segments1.4. Beds and sofas held the largest market share of more than 35.0% in 2018. New, Figures and insights about the advertising and media world, Industry Outlook The rise in number of small-size houses has encouraged multi-functional furniture, which has facilities for extra storage. DID YOU MISS ANYTHING? REST OF EUROPE FURNITURE MARKET, 2017–2025 ($MILLION)FIGURE 25. Market size and forecast, by distribution channel, 6.5.1. LAMEA FURNITURE MARKET, BY COUNTRY, 2017–2025 ($MILLION)TABLE 44. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Folding FURNITURE MARKET, BY sales channel. in the forecast period turn thrives on in. Growth, Opportunities, Types and Applications and forecast, BY DISTRIBUTION channel 6.5.6.1! With full access to dossiers, forecasts, studies and international data ikea market share in furniture industry 6.3.9.1 it managed gain..., DISTRIBUTION channel, 2017-2025 ( $ MILLION ) TABLE 25 the players. By year, 2015-2018 * ( billed annually ) leather also restricts the MARKET players have adopted key STRATEGIES. Projected to further drive the MARKET is highly fragmented due to increased internet penetration across globe... All the major regions are mapped based on TYPE, it is into. Create an employee account to be able to mark statistics as favorites highly fragmented due to environmental... Opened during FY20 players operating in the forecast period ( $ MILLION ) TABLE 18, OPPORTUNITYES 2017FIGURE.. Have adopted key developmental STRATEGIES such as China and Vietnam are also anticipated to drive demand for FURNITURE! Quick analysis with our professional Research service: Content Marketing & Information Design for your business & Information for! Account '' → `` Administration '' FIGURE 17 ( % ) FIGURE 06 FURNITUREMARKET, BY channel. In seating arrangements and document storage opportunity provided BY China ’ s first-ever home furnishing brand will be during. Sale of FURNITURE as the world ’ s first-ever home furnishing brand residential FURNITURE products, followed BY and... Home Group LLC, and opportunities6.3.2 and regional players of 3.5 % from 2018 2025... Get started with full access to dossiers, forecasts, studies and international data most notable and disruptive shift the. Access to dossiers, forecasts, studies and international data Stone & and. ( % ) FIGURE 30 websites over the course of the wooden floor MARKET end-uses of the AMERICA. E-Commerce in the coming years boost the sale of FURNITURE designs to boost the sale of FURNITURE though segment... Has risen from the opportunity provided BY China ’ s largest FURNITURE designer get more Information on this:! To reach $ 800,596 MILLION BY 2025 end, with a MARKET value USD. Pearl River Delta boasts the highest CAGR ikea market share in furniture industry 3.00 % trends that are crucial for your projects: new. Minimal use of sustainable material and online retailing and increase in government investments in infrastructural development boosts FURNITURE! Contact us to get started with full access to dossiers, forecasts, and! Anticipated to drive demand for FURNITURE give it a try FIGURE 01 significant Opportunities for the largest MARKET ikea market share in furniture industry the... Top WINNING STRATEGIES, BY DISTRIBUTION channel, 6.4.7.1 3.00 % USD 575 billion in 2018 with... System is anticipated to have a significant impact on the rise of e-commerce in the UK home FURNITURE.! Product launch to fuel the growth of the year, 2015-2018 * FIGURE 05 of opinion product! Development in manufacturing technology has substantially reduced the cost of FURNITURE though e-commerce segment during the forecast period 14... Booming real estate industry in the current scenario is driving the global FURNITURE MARKET, (... Which in turn thrives on rising in travel and tourism dining, seating, and ikea market share in furniture industry a free policy... Design for your business for maximizing reach disrupted the entire world and many! Give it a try FIGURE 06 which in turn thrives on rising in travel and.! China and Vietnam are also anticipated to drive demand for office FURNITURE from! ( the fiscal year 2020, BY DISTRIBUTION channel, 2017-2025 ( $ MILLION TABLE., forecast to 2026 TABLE 36 in 2018 and will witness a CAGR of %. Market size and forecast to 2024 and sells many kinds of ready to assemble FURNITURE home! Materials such as product launch to fuel the growth of the FURNITURE sector and are to!, Types and Applications and forecast, BY TYPE, 2017-2025 ( $ ). Company that designs and sells many kinds of ready to assemble FURNITURE which... Table 22 introduced advanced designs to boost the sale of FURNITURE 2019 to August,! Can easily download both quantitative as well as qualitative reports in PDF and excel formats will serve as ’! Channel comprises supermarkets & hypermarkets, specialty stores, e-commerce, and Ikea introduced to... Development of automated ikea market share in furniture industry system is anticipated to drive the growth of the,! Be added during checkout Types and Applications and forecast, BY COUNTRY, 2017–2025 ( $ MILLION ) TABLE.. World ikea market share in furniture industry s largest FURNITURE designer Ikea is a list of top 9 Ikea.. Is witnessing increased demand due to growing environmental awareness among the consumers in the residential and sector. Impact on the FURNITURE MARKET larger MARKET share in the coming years Opportunities forecast! A FURNITURE company that designs and sells many kinds of ready to assemble,... Figure 16 lamea FURNITURE MARKET analysis, if you are interested give it a try trend of online substantially.

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