Ikea

Global furniture market expected to reach US$ 676 billion by 2027

IMARC Group – a leading market research and consulting company estimates that the global furniture market has reached a value of US$ 651 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 676 Billion by 2027, exhibiting a CAGR of 3.4% during 2022-2027. As per the analysis by IMARC Group, the …

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IKEA's fi rst store in Hyderabad's HITEC City. (PHOTO: AMIT TEKALE)

Ikea in talks with several state governments to source wood

News / By MW Bureau

Ikea said it is in talks with several state governments including Telangana, Karnataka, Maharashtra for sourcing wood for furniture Swedish furniture major Ikea confirmed that it is in talks with several state governments in India for sourcing wood for furniture even as it is setting up a large facility in Pune for stocking goods. The …

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