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Food & Beverages

Inter IKEA Systems B.V.

Company Profile Analysis

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Inter IKEA Systems B.V. - Food & Beverages showcase

Year Founded & Workforce

1942-12-31

208,000 Employees

Industry

Food & Beverages

Services

I

Inter IKEA Systems B.V. Overview

Headquarters: Leiden, Netherlands

Founded: 1943

Workforce: ~2,08,000

Company Working: Inter IKEA Systems B.V. (Ikea) is a Swedish-founded multinational group that manufactures and sells household furniture. The company serves worldwide through its 424 stores in 52 different countries. The company has a wide product portfolio with 12,000 products. It is operating under Stichting INGKA Foundation.

Strategy

Ikea is focusing on increasing its footprint across the world. The company opened 19 new IKEA stores in 2018 and now is planning to open new stores in new markets such as India and Latvia. The company is also looking forward to expanding their reach in South America, by opening new stores in the region. Moreover, by 2025, company plans to open 25 department stores in India with a new brand image and innovative look. The company is looking forward to expanding its e-commerce platform to widen its distribution channel. The company has launched new ‘people & planet positive strategy’ to remove all single-use plastic product from its range by 2020, as its new sustainability strategy to reduce harmful effects on the environment.

Company Snapshot

$39,233M

Revenue

208,000

Employees

1942-12-31

Founded

SWOT Analysis

Strengths

  • Strong distribution network
  • High focus on product development
  • Strong financial performance

Weaknesses

  • Difficulty to control standards across locations
  • Declining product quality leading to high product recall

Opportunities

  • Growing e-retail market across the world
  • Expansion in developing countries

Threats

  • Increasing raw material cost
  • Intense competition

Key Developments

DateApproachDevelopment
March 2017Product LaunchIkea developed a new type of Wedge Dowel joint. The purpose of which is to assemble furniture’s quickly and easily. Also, this type of joint does not require nuts, bolts, and screws for its assembly.

Product Offering

  • Inter IKEA Systems B.V.
    • RTA Furniture

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Inter IKEA Systems B.V. as part of our ongoing coverage of the Food & Beverages sector, drawing on public company data, filings, and market intelligence.

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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Inter IKEA Systems B.V.

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