Why IKEA's Failed In INDIA

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IKEA can be found all over the world, from Shanghai to USA. But there is one continent that was uninterested in the Furniture Retail giant. Indians largely rejected IKEA attempted takeover, which led to an embarrassing retreat for the brand.
Check out the video above to see why IKEA's is flopping in India.
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Why IKEA's Failed In INDIA:
00:00:00 Introduction
00:01:12 History
00:01:35 Market Size
00:02:00 Reason 1
00:02:54 Reason 2
00:03:45 Reason 3
00:04:36 Reason 4
00:05:10 Conclusion
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Опубликовано:

30 июн 2024

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Комментарии : 391

@amoghars 3 месяца назад

The IKEA concept doesn’t fit with Indian concept of furniture. IKEA makes furniture that should be replaced in 5 to 8 years and Indians buy furniture that lasts for the next 7 generations. 😂😂😂😂😂😂

@raji8484 3 месяца назад

OMG ..such an under comment. That's the truth!

@ganeshsuribhotla1684 3 месяца назад

More importantly the furniture Ikea sells is particle board crap which not real wood. Its mashed up, glued and baked wood chips the are a by product of cutting, sanding and shaving off that happens when real wood is mended to make stuff, hence the flimsy quality. In india furniture traditionally was made with real quality wood. SIMPLE

@amoghars 3 месяца назад

@@ganeshsuribhotla1684 well, it is not that bad. My IKEA kitchen is working very well even after 15 years. It’s time to replace not because it is damaged, but I need a new style kitchen. Furniture style changes every few years, and we just go for a replacement.

@cerveauy8782 3 месяца назад

@@amogharsMy IKEA furniture in Europe was crap. It started falling apart/ tearing apart in 3-4 years.

@amoghars 3 месяца назад

@cerveauy8782 IKEA kitchen is not for a family with kids. I am single and I take care of everything in my flat.

@TheSujanroy 4 месяца назад

India does not change for global brands. Global brands need to change for India to survive. The more they change, the more they'll thrive. Ask Unilever, McDonald's and P&G.

@gudcode 3 месяца назад

By change, these other brands sometimes relaxed their quality and also adapted to india consumer's demands. IKEA was a very good brand, but they were just too expensive and did not give value for money, and consumers could find better options. If IKEA keeps same DESIGN concepts but uses indian local carpenters, then they can be very successful , as indian furniture is mostly lacking in design as well as quality. IKEA just did not succeed in using that as they did not get the right indian people to help them KEEP OWN DESIGNES but get local materials and workers. They relied too much on less thoughtful Indian management people who DO NOT UNDERSTAND DESIGN at all. They only have knowledge to do hera pheri and jugar like in most indian companies management. ...

@Jaihind-sena 3 месяца назад

IKEA is for middle class and we have a very small population of middle class

@siddhantpatil292 3 месяца назад

McDonald's still failed...ask dominions the only profit makers.

@narutoshipuden2440 3 месяца назад

Hello Mr. Sujan Roy - Head International Business, PVBU

@user-jd1ck2sj7h 3 месяца назад

Take 100 and give scrap material and name it after an english word.

@Aarsha-cv9lh 3 месяца назад

Kelloggs came to India in the mid 90s to switch the typical Indian breakfast to cornflakes. Years later we have kellogs selling upma😂😂 there you go.

@naveenr5946 3 месяца назад

man that's savage🤣🤣🤣

@abinodattil6422 3 месяца назад

Fuck that’s a good point, Cereal is shit in between, extremely unhealthy

@cedhot 2 месяца назад

its like no matter how many toilets modhi build they always go to the streets to shit

@Wmuthoni 2 месяца назад

And here I thought that the reason why IKEA didn’t do great was because India prefers their own unique artisan products produced by locals.

@nou7401 Месяц назад

IKEA hasn’t failed, it’s getting started. They just announced expansions.

@krishnaswami346 3 месяца назад

We go to IKEA check out the designs and make it with our carpenter using strong indian wood. Most Indians we operate like that.

@san-chil 3 месяца назад

😂🤭☺ ... well ....🤫

@currentvandi8152 3 месяца назад

1000% true

@mariasama3870 2 месяца назад

Indeed, we do it also in indonesia

@aparajita1in 2 месяца назад

Yes, steal ideas. We are very good at it.

@krishnaswami346 2 месяца назад

@@aparajita1in it is mutual. They stole hundreds of things from here and let us impoverished.

@tindrums 4 месяца назад

The wood...Indians know the value of wood. Ikea has great designs but Indians value functionality and durability more. We also like it installed.

@activelistener4484 3 месяца назад

@@arturns902 Wont you like anything free. Anyway, where did you this free alternative to Ikea

@MadhuAmayil 3 месяца назад

You nailed it

@diggidiggiable 3 месяца назад

@@arturns902what a messed up comment . Makes no sense

@parinikasharma317 3 месяца назад

Why Ikea's failed in India. Because my grandma's dining table works just fine

@lakshmikrithika2521 Месяц назад

And thankfully some of us haven’t fallen into the ‘aesthetics’ crap😂

@kishana9039 26 дней назад

Lovely 😍

@sauraabhsaxena5102 17 дней назад

And i live in the same house as my father and grandfather

@PraveenCJRegina 3 месяца назад

Indian carpenter's products are of top quality compared to the crappy products of Ikea. I bought many products from Ikea in Canada, but they lasted only a short time, and their products are not high-quality craftsmanship. At my home in Kerala, we made our pieces of furniture using rosewood and teak, which are solid and will last for at least 50 years. We have already passed 20 years with no issues. We only have to polish them every 5 to 7 years. One main effect of Ikea products is the joints are joined using metal screws or nails, which will not last long, while in India, carpenters use wooden nails at joints which last longer. Also, Ikea doesn't use Rosewood, which is best for making furniture.

@blue_asahi 3 месяца назад

Well it depends on the people. There are many who don't want a furniture which lasts for 50 years as they want latest models. It is like cars. People change it every couple of years for latest models.

@meta5291 3 месяца назад

IKEA has crappy products, but they are better than the average local marwadi sourced products & carpenters are worse than DIY. Obviously, we are not comparing the same levels. Real wood/real carpenter is not comparable to IKEA - even pricewise.

@abhinay4200 2 месяца назад

@@meta5291 Ikea can never justify price it charges , for the same price you could get a solid and better quality products in India . Ironically in europe , it is known as cheaper alternative to local furniture shops .

@meta5291 2 месяца назад

@@abhinay4200 May be. But it is not been my experience. Like I said IKEA products are crappy, but I'll take them any day over similar crappy products sold by locals and made by local carpenters - not to be compared with high quality, real wood made by real carpenters, both of which i can't afford. In India, you get world class products made or imported for the elite, it has always been available. For the middle class, you have to rely on a brand, IKEA is good enough.

@sheshan88 2 месяца назад

Fact : Rosewood takes 80~100 years to grow to become timber.

@libshastra 3 месяца назад

IKEA hasn’t failed, it’s getting started. They just announced expansions.

@navalfa7291 3 месяца назад

I agree.. We welcome Ikea. But Ikea needs to improve its quality of wood.

@umbrellastudio7481 3 месяца назад

@ipikluninja91 3 месяца назад

Exactly!! It is gaining momentum and expanding to more cities

@-bigChungusVerified 3 месяца назад

These RU-vid channels are really clueless.. almost all companies are entering India with each passing day and they are saying ikea failed 😂😂

@meta5291 3 месяца назад

@@navalfa7291I doubt there's any wood. It's mdf type stuff. It's supposed to be dirt cheap. It's not a fancy brand, throwaway stuff for throwaway prices. That said, it's much better than desi carpenter making awful stuff - because wysiwyg with IKEA.

@realistic2023 3 месяца назад

Ikea has disposable furniture that is expensive and irritating to assemble. Indians want furniture that never get damaged.

@sourabhkumar1338 3 месяца назад

In our house furniture is 65 years old and still working fine.

@keerthiv5702 3 месяца назад

I can relate to this. In our house we have a chair which has come 4 generations now and still in good condition.

@lakshmikrithika2521 Месяц назад

@@keerthiv5702we have a grandpa chair one one baby bassinet that’s almost 250 years old now. Since babies are born everywhere, we just keep sending it to couples who had a baby. When the baby grows they return it back to us. It needs a once 15-20 years maybe new polish/varnish or needs screw tightening. Apart from that it’s super sturdy and heavy. So even if your baby learns to stand it won’t start swinging which would cause the baby to fall😊 And the grandpa chair, whose legs are curved so you’re swinging in the chair while you sit. I don’t know how many monkey gymnastics we all did on it. And it’s still ready for the next generation to do monkey gymnastics on it. Our ancestors might be cringing on the way we use it now but they would be glad we kept it around still😂

@the_thinking_lady 4 дня назад

In our house, furniture is 350 years old. It has been a witness of India's history for a long time.

@shwetaiyer1514 4 месяца назад

Most of the local furniture stores now charge GST since evading it has become very difficult to hide from the government. Even the local branded stores sell furniture and upholstery cheap as they are all locally sourced. And they all charge GST. Unbranded stores I purchase from also charge GST. So, that is not a major reason. The types of wood used by Ikea, colour palettes, other materials etc do not suit the Indian climates. I mentioned climates in plural as the regional climates are quite varied here. Upholstery sold by Ikea is charged at eye-watering high prices. Supermarket chains like D-Mart etc sell curtains of extremely high quality fabric and stiching at prices 10 times cheaper than Ikea. When I visited the Ikea Navi Mumbai store, I was shocked to see a single curtain costing ₹5000. Nobody purchases a single curtain. So if you have 3-4 windows to cover, it would take 6-8 curtains. That's a really expensive purchase for just curtains 😂 We got our curtains at D-Mart at a range between ₹200-400 per piece. So, in around ₹5500, I got 3 different sets of 6 curtains each. Sturdy, strong stitching and quality rings, made in India. Plus beautiful designs. And yes, the stores are too far away. It isn't worth the cost of travelling all the way to an Ikea store to find exhorbitantly priced goods which will not last more than 2 years in this climate. Indians don't like having an "all-white" decor. We find it depressing and we cannot maintain the white colour with the amount of dust in this country! Even if we have a hired help for cleaning, it's impossible to maintain the colours sold in Ikea. If they want to succeed here, they should first overhaul their entire inventory as well as pricing. And that is never gonna happen 😆

@appsaccount9040 3 месяца назад

Wow, so beautifully explained ! Crux of the matter is, western solution will not work for Indian markets. They have to evolve and start understanding Indian taste, culture, socioeconomic structure first.

@asc4135 3 месяца назад

And their product quality isn't great...I have 2 cupboards from IKEA so I know this.

@gautamkoundinya 3 месяца назад

Thats a more practical and more useful analysis !

@yahyamulla 3 месяца назад

When I first started adulting, I got one room with one window. Checked the height and went to DMart to buy a curtain of that height. When I came home to install it, I realised I completely forgot that one curtain did not cover the entire length of the window and the same pattern got exhausted when I went to buy one more piece so I ended up with two different patterned curtains on the same window. You're right, nobody buys a single curtain if they're not dumb like me 😅.

@ultimatestoryteller 3 месяца назад

See, I knew it. Thanks for supporting my view, sister. I knew those curtains in D-Mart were finest in quality when I went to buy them, I told the same to my parents also and they said no no D-Mart doesn't sell premium content. Thanks for putting in similar views at least I can convince them today and we can go there today itself to buy them (we've just bought a new house).

@dmn1n 4 месяца назад

Ikea furniture is not suitable for humid environment. Product made of engineering wood dont last that long.

@dominicsebin1619 3 месяца назад

IKEA products are like fast fassion. One of their value proposition is to use latest indoor design trends at affordable price.

@harishpardeshi7261 3 месяца назад

1. Quality of Ikea products in comparison with local furniture shops is also an important factor. Local shops sell high quality hard wood, plywood furniture which Ikea cannot supply in the same price range. 2. Ikea charges for the delivery and assembly, However local shops deliver furniture without any extra charges. 3. You need a full size SUV to carry Ikea furniture boxes, however the majority of Indian customers drive Sedan or Hatchback cars which have less trunk space. In western countries people can easily carry Ikea furniture in their SUV which is not possible for Indian customers.

@johnconnor3246 3 месяца назад

Most people in the West use trailers for transport, which are rented out from IKEA and uncommon in INDIA.

@abhishekpas 3 месяца назад

@@johnconnor3246IKEA products are costly with bad quality. It's the main reason they are not getting a market in India.

@suryaprakashpareek4692 Месяц назад

Indian keep 5 apps for each service's to compare

@NostalgiaforInfinity 3 месяца назад

For one IKEA's products are flimsy and not durable because they're mostly made of particle boards and at the most MDF. Indians buy solid, real wood furniture and keep them for generations, not just 5-6 years. We aren't furniture consumers. Furniture to us is more like an asset and heirloom. I have a few stools, chairs, and a bed that has been passed down to us from the time of my grandfather's youth.

@arunec2000 Месяц назад

Indian furniture industry also mdf ,plywood only...real wood cost a hell ...

@the_thinking_lady 4 дня назад

You are talking about the older generation. New generation couples love to refurnish every few years.

@sandeephalyal7325 3 месяца назад

Nope! What I found is: 1. Its nothing but a physical Amazon store, selling imports from China. 2. They sell Swedish food in canteen, so most people can only stay there until the next meal time. 3. Dead cheap products are unnecessary, necessary stuff are absurdly expensive. 4. Most people don't understand their design language, and buying few products off the shelf didn't get along with our existing home setup. Yaa.. its mess!

@Sooraj09073 3 месяца назад

IKEA uses compressed and glued wood for furniture. In Indian households, real wood is preferred as it lasts for decades. IKEA furniture, made of wood or MDF, is considered cheap and won't endure well in high humidity, leading to mold formation within one to two years of use. For the same price, it's better to invest in real wood furniture that lasts longer than fancy glossy synthetic wood.

@xxxx-tb4de 3 месяца назад

IKEA products need to be assembled. This is not in line with Indian culture where you expect someone does that for you.

@parvadhami980 3 месяца назад

Is it because of looking down upon physical labour?

@jayakishore565 2 месяца назад

@@parvadhami980not looking down . Providing jobs to others . In IKEA you have to do it separately

@shubhankardasgupta4777 2 месяца назад

@@parvadhami980 I will buy a furniture not "parts" so that someone or myself has to assemble it and make sure the quality matches to the price... for the thing I'm not an expert, I will hand over to someone who is capable of and I'll PAY for his/her service.

@the_thinking_lady 4 дня назад

@@shubhankardasgupta4777 That is because labor is cheap, and you can afford it. The same you would readily do everything yourself once you land in USA or Europe 😂😂.

@dibyendugoswami6294 4 месяца назад

Indian market is very difficult to understand. The foreign companies have learnt the way in which western countries' markets work, but that isn't the same here. First of all, the customer base is not 1.4 billion, rather some 200-500 million people who earn quite moderate/rich and can spend money by trying things. Secondly, people in India, don't really use credit cards and heavily use debit cards/upi. So they buy when they have money to spend. Third, the local shops are very much familier with the customer which gives the customer a chance to bargain with them. There are very many reasons for their failing success!

@gaurav5800 3 месяца назад

India is service oriented and does not like DIY things. Also service is is generally free or is included in price. Unlike IKEA which charges extra. Thus reducing customer experience

@JasthiCS 4 месяца назад

It has boring furniture and only a few good options. It does not meet the taste of regular Indians.

@stankssmile5865 20 дней назад

True no intricate carvings like Indian artistry

@scbqpl 3 месяца назад

In the west Ikea is big on design weak and cheap materials therefore low on cost. In India they kept the design and low quality but priced at a premium. India can do with the design expertise but for more localised tastes. Also we only buy sturdy stuff.. We do not change furniture every year.

@buwburbhbjeqbb6790 3 месяца назад

I noticed in Ikea that most of their items were imported from outside mostly from China. They don't have supply lines in India. On other hand, local market gives more variety appropriate to Indian tastes.

@mayurdas9526 3 месяца назад

We don't typically use cardboard furniture for our homes; instead, it's commonly utilized for school projects.

@deepak17907 4 месяца назад

very simple,all my house furniture was built to suit our house from local furniture shop.They are good wood not this engineered wood crap.

@jyotichalke881 4 месяца назад

Their furniture's are very expensive, confusing and made from china a perfect recipe for disaster. If Ikea wants success they should have indian oriented furnitures suitable for our needs and not just western oriented dumped products, and also make in india will further reduce costs.

@SanjayGupta-nt9vn 3 месяца назад

IKEA was disrespectful and arrogant to make the cultural adjustments needed to enter the Indian market.

@davetorcan6047 3 месяца назад

India does not need IKEA!

@accesskarthik1 Месяц назад

Apart from the greatness of Indian market and proud to keep furniture for generations. Another major point that no has mentioned Ikea's designs doesn't suit our ugly houses. We are not worried about the aesthetics as long as they are cheap and functional.

@noclicheplease 4 месяца назад

Ikea's entry level products are of inferior quality(type of material used) but also expensive compared to same furnitures that come from China. You will find better quality furniture at your NEAREST furniture store for a better price. Also Ikea's furnitures aren't yet affordable for the college students in India, like it is in the developed countries. "yet" being the operative word, students will be able to afford these furnitures in the future because of the India's growing GDP per capita. So currently Ikea will struggle a bit, but if it persists, it will reap the benefits when India and Indians grow stronger economically.

@germandaddy907 2 месяца назад

they do racism towards india and indians in the west , so no way that kind of attitude will work in india ?

@PrakashManokumpuzha Месяц назад

Ikea should start in kerala where people having more purchasing power and high living standard

@tarachandb2899 5 дней назад

Idiot...who will deal with labour issues😂😂

@allcaps3584 5 дней назад

In my local IKEA store, majority of products are Made in China, but sold at pretty steep price points. Good luck surviving in India market.

@user-qt6gb8we6d Месяц назад

Chicken franchise KFC wanted to open outlets in Gujarat, and their 70% menu is vegetarian. MCD’s big part of menu is vegetarian. Basically, if Ikea wants to sell in India, sell items which are made of real wood and durable. Most Ikea SKUs are made of compressed cardboards. Cheap materials & still they take same rate as real wood furniture.

@suryaprakashpareek4692 Месяц назад

In Bangalore there is already big market of indian preferred furniture showroom 1.royaoak Jodhpur furniture Urban ladder Theor are 50such companirs already amd then come local furniture shops which is present in every mainroad

@reblyfigueiredo8620 3 месяца назад

honestly speaking I go ikea worli Mumbai just to eat chicken meat balls. never thought of buying furniture. I think Ikea should convert furniture stores into a huge food mall.

@ganeshnh 4 месяца назад

Couple of items online from IKEA were of bad quality, no way to return them, I have to go to their store. Thought all their items are top notch, but not so.

@travelrichardparker1088 Месяц назад

I don't feel IKEA failed in india, i am visited Hyderabad store, and I can see decent purchases happening from the customes may be it not too much, but they can be sustainable in the market.

@u087183 3 месяца назад

IKEA restaurants are the only part of their business doing well I think. Have seen huge lines for their biryanis and meat balls in Hyderabad ikea

@udhavgarkhede6028 11 дней назад

In india it's impossible for ikea to sell Coz everything is available in local at 1/2 price to IKEA even in good quality But IKEA can buy it from india and sell to world for profit win win situation for both...😍

@sumandutta4834 3 месяца назад

Furniture is something where physical touch is important for many buyers. Even with small shop format, online catalog will not help without physical sample. Also, for bigger purchase, people want same day delivery.

@gnanasuryatejakurapati8080 3 месяца назад

The "pricey" furniture IKEA sells is no where to the quality of the furniture even an unbranded Indian local market has... Indians always look for longevity before buying... So, think differently... A better approach would be to have the designs online and manufacture it based on customer preference of materials and deliver it....

@jayfloramusic 3 месяца назад

Most importantly just like food firms have to change their menu, Ikea will need to change their designs based on local tastes too. Indians like really good looking furniture with intricate details, and Ikea is very vanilla/bland.

@m11nt 20 дней назад

I can describe most indian furniture design as gaudy.

@nabeelmohammedca 2 месяца назад

Most Indian customers prefer durable furniture made with hardwood like teak which would last more than 40 years. Most of IKEA's furniture is made using particle board which won't last long.

@princesinghx Месяц назад

Well they haven't even started there full operation across india yet. So what made you guys think of it?

@Keylevitation 3 месяца назад

Should have added that ikea paid big money to build a direct connection from the metro station to ikea in bangalore

@nassrol 20 дней назад

IKEA IS TOO EXPANSIVE for average indian.

@tamizhumuyirum 3 месяца назад

background music volume is big and cant hear the narration properly - editors pls keep the background in way that we can hear the narration clearly

@mattaikay925 3 месяца назад

Godrej Interio is a very good if you are opening an office/furnishing an appartment in India - quality is comparable - the trouble is stuff that is not in stock take > 3 weeks to deliver.

@hardtrailrider 2 месяца назад

The rainy tropical weather of India especially southern parts and east may not be suitable for particle board furniture. But it may help singles living in hostels and small apartments f temporary.

@SDM496 4 месяца назад

Press wood , Chinese made and still expensive as compared with local Indian made furniture. Fire the IKEA CFO and CEO who decided to enter Indian market 😂😂😂.

@user-fw1hj3vv2k 15 дней назад

Because ikea is not cheap for indians.

@maha_sage 29 дней назад

We are already have Pepperfry and Urban ladder for flimsy particle board furniture to last a few years

@NFR_Agartala 3 месяца назад

Vocal for Local ❤❤

@mohammedazharuddin5513 13 дней назад

The video spoke about everything except for the one main key differentiator which is the quality of products. IKEA products are mainly made out of engineered wood, a quality which we don't necessarily like since it doesn't last beyond 5-6 years. Indian consumers generally prefer long lasting furniture products made out of sheesham wood (or similar/better quality of wood).

@freespiritjawa2507 Месяц назад

IKEA is selling chicken Tikka masala and paratha in Bangalore 😅😅😅

@maruthuk Месяц назад

Thanks for explaining the reasons behind IKEA's current losses in India. There's a key point missing in the video's example about cost and pricing between IKEA and local sellers. Unlike local sellers, IKEA incurs Integrated Goods and Services Tax (IGST) on furniture imported into India, similar to a tax on goods moving between states. Then, IKEA pays GST again when selling the furniture to consumers. So, even if IKEA and local sellers buy furniture at the same cost price, IKEA ends up paying significantly more in taxes. This is a major disadvantage for IKEA compared to local competitors, who can often provide assembled furniture or free assembly services, adding another layer of cost to IKEA's DIY model that customers may not prefer.

@AbhisekNegi 21 день назад

I planned to purchase a bed in bangalore. When I visited Ikea, the bed which cost was nearly 15K, I could lift with one hand. It felt like it's gonna break in 2 months. The only thing that I liked was the finishing. I decided to purchase from a local shop. The quality is far far far..... superior. However in my hometown I could have found bed even better quality wood. Now was thinking how ikea is able to do business in india. Now I know I am not alone.

@nvenkatareddy 3 месяца назад

They will do well if hey enrol lakhs of traditional carpentars to become their assembly partners for a percentage just like uber rapido.

@ahmedvnit 3 месяца назад

IKEA is super expensive in india compared to local competetion. Its not just about 18% GST issue - prices are almost double or triple compared to local markets.

@puffeduppanda 9 дней назад

In india most people prefer real wood over mdf. Also wooden furniture is affordable and durable. Ikea cant match up to ethic styles like jodhpuri teak wood furniture 😊

@lekshmisobhana3248 20 дней назад

you missed the most important factor, the quality of cheap furniture is far superior and durable for generations compared to a higher priced ikea. in india you have to not only sell cheap but with premium quality. a 10000 dollar chair in usa can be bought with around 50dollar from a local vendor in india. so why should anyone pay more for bad quality in india

@dxbrane Месяц назад

People are recognizing IKEA and have started warming up to concepof disposable furniture. It's working well in metros where you have lot of people staying on rent. Also Mumbai builders are offering projects which are furnished by Ikea.

@lakshmikrithika2521 Месяц назад

They are crap. Most good builders steer away from ilea because once the buying party realises all his interiors is from ikea, they ask the builder not to fix the interiors and rather reduce the cost from the flat. And in Mumbai people buy house to stay. Few to rent but mostly they do live in them.

@sinlokemp 29 дней назад

Durability is what Indians love. Long lasting product. IKEA need to think on durability over design and it will sell.

@lakshmikrithika2521 Месяц назад

Apart from the obvious reason everyone stated which is ‘ikea furniture is processed wood chipping a glued together and priced at high cost. And Indians prefer sturdy furniture to last for decades. We also haul our furniture to wherever we move. Unlike in the USA where transportation costs are more than the cost of all the items combined together. So we actually pack our sofas, dining tables, chair, beds via packers and movers and take it wherever we go.

@rameshemv Месяц назад

This looks like a pretty old video/analysis on IKEA. It started doing a prettydecent job in Hyderabad since it was set up a few years ago.

@lakshmikrithika2521 Месяц назад

Half the people in Hyderabad go there to eat the biryani. Or if at all but their kitchen products😂 like glasses and spoons and white coloured plates. Maybe even firming tables and chairs. AT MAXXXX sofa. But cupboards and beds are absolutely low quality.

@me_rony Месяц назад

Wow..ikea failed in India????? Its a shocker to me... ikea just failed to open at the most consumer state in India.. they missed the bus for kerala or kochi. Ship it across kerala and you will end up atleast 3x of your current business.. don't forget a quality customer care.

@nandagopalm7232 Месяц назад

They just started. They still got 22 stores to be opened. Kochi trivandrum on the way

@Whatreally123 3 месяца назад

IKEA India's policies are horrible. I bought a metal aide table. One of the parts was wrongly prosuced and it took me several weeks to get through to the customer care and get it replaced or refunded. I gave up after some time. Around Rs 3000 down the drain. Decided to never buy from ikea again. Some of the prosucts like mugs, organisers are good but furniture doesnt gel with majority indians' taste. We prefer more of wood than metal and plastic. A table from ikea has metal legs and cardboard top and high prices (not cos of gst but cos of the brand). I can literally take the same design and pay a metal worker to make the frame and go to a carpenter and get a solid sheet of plywood with my choice of laminate amd yet be 20-30% cheaper than ikea's products. Cheaper and more durable. Why would anyone buy ikea. Some people do buy coanits a new brand and fornthem its more about buying from a brand rather than the product itself being any good.

@Palenque_pupikaka 3 дня назад

Ikea got good designs but poor recycled materials are being used which is a big "NO" from indians who like their furniture to be made out of "Real and strong" materials which last for generations so they turn to the local carpenters and sometimes if they like they pay more than needed for the quality and durability

@Pikachu-ib8ly 3 месяца назад

I went to the ikea store in hyderabad it infrastructure is amazing id you see from outside it doesn't look that much big but when you go inside there is not way to go out you have see all the products but after reading about all the business case study i would say that from middle class people organization earn revenue because in india there population is more . So come to the Ikea there products or designs are amazing but for middle class people they prefer quality and there quality are not that much good its good for people how shift to another city and they want furniture immediate but not for the home because for indian furniture is a long term assets

@GowthamV07 18 дней назад

Indians have furniture store in every street. This is not USA or europe where competition is less. Also these local furniture store cater to the audience as per their requirements.

@shoryalondhe217 3 месяца назад

Obviously ikea is not going to rule the furniture market of india. But i can see its presence setting up in tier 1 urban cities. I mean upper middle class in mumbai now has started preferring ikea more

@poojan423 27 дней назад

Why would i buy an expensive furniture made of powdered wood? I would rather buy solid wood furniture at the same price at the local market or known Indian stores.

@kishana9039 26 дней назад

Recently went to one of Bangalore IKEA showroom. But soon I realized my local carpenter has better designs and better wood quality than IKEA😊 IKEA is not for Indian markets

@lalityay Месяц назад

India has a lot of good carpentry workforce, that can make hard wood furniture that can last a decade or two.

@joevince8538 Месяц назад

In addition to all the comments here id like to add that india is changing,young people now have more money to spend in all of indian history and they want to spend it.Thats their market,not a grumpy 50 year old dad.

@ravindilip 3 месяца назад

great designs to admire but looks cheap as compared to solid wood available at similar prices.

@saksum15 3 месяца назад

They should have opened stores in Chennai, Pune, Gurgaon, Noida, Coimbatore, Ahmedabad and Delhi.

@br2883 Месяц назад

Everything in IKEA was substandard. Furniture were just filled with cardboard or sawdust and finished like teak. Much better products were available in product based retail stores.

@harshiththonda9808 3 месяца назад

We just go for window shopping there , we get free ac and an idea of how to setup a room😅

@bakalee2631 Месяц назад

Those so called "affordable prices" are not so affordable in India.

@deborshibanerjee9626 3 месяца назад

It's not right to say small and medium enterprises doesn't provide bills and escape indirect taxes it's just that they source from India only so they don't have any import cost and there operational cost is much lower compared to a big corporate like IKEA.

@surejsj 3 месяца назад

Why noicy music is added to video making it more difficult to listen and understand the real meaning of news.?

@san-chil 3 месяца назад

Value of money. Indians do not use and throw. Indian furniture lasts for generations. Every Indian would have atleast a desk or a chair that was used by great grandfather ,grandfather, father and now grandchild. In fact much of Indian lives revolve around concept of frugal living and value of money. Indians understand the importance of profits for a society but are averse to greed and capitalism.

@sanm7781 9 дней назад

Local woodworkers make furniture that is more lasting than that assembled garbage.

@reginageorgetownuni Месяц назад

The bland Scandinavian aesthetic won't work in India. Indian decor is something else. Its got a "jhanki"/"jhakpak" flair to it. We like some antique, intricate details in our seating and tables, especially if one owns the house. In rented apartments you do see Ikea-like furniture more often since its cheap and replaceable (no offense) I think ikea is cute and functional though

@ultimatestoryteller 3 месяца назад

I have visited IKEA stores, first in Dubai and then Hyderabad. As a Bhartiya, the moment I first completed my IKEA store visit, my first reaction was "nope, they won't work in India" because their furniture was just too western. I've seen the kind of beds I've slept or my parents have used all their lives, or the kind of chairs and sofa sets our family has used and IKEA was nowhere selling that kind of stuff. Only the commercial office based furniture looked somewhat on point. If they want to enter Bhartiya household, they have to make stuff that we use or we will prefer because for us, we are less concerned with the brand of furniture and more laser focused on our needs as a family since in any case we visit 20 shops before buying one sofa set.

@suryaprakashpareek4692 Месяц назад

Now Indians are planning for marble furniture better then woods lasts for generation Already started in some part of India

@sandyjust Месяц назад

The quality of IKEA can not compete with local furniture in India. In other countries there are not many options for local players however in India, it's the other way around.

@amalgeevarghese6867 2 месяца назад

Indian market is not that hard to understand:- 1) Indians typically use wood which lasts for at least 3generations. Being a person who uses IKEA furniture, I don't think the compressed wood would last that long. 2) Teak or rosewood furniture is sturdy- which makes the IKEA product look flimsy for almost the same price 3) The cheap products at IKEA are almost unnecessary and the products people need are ridiculously expensive. And the next 2points is the main concern 4) The IKEA store in a city is located in some far corner. Travelling that far to buy furniture and then paying for delivery charges and then having it assemble all by yourself is a hassle for most Indians. Why go through all that when you get free delivery plus installation for wooden furniture which would last longer! 5) If you have to return a "store bought" product in case of any defects, they don't have home pickup. Having to travel across the city to return a defective product is frustrating. And to add to that, the customer support that I've got until now is one of the most unresponsive and time taking! So... there you have it!😂

@Vishwakuchangi 2 месяца назад

They did not study Indian market. I have visited IKEA, but their prices are high compared to Amazon, Flipkart when products are same. Why such big difference in price ? It's not just local shops without bill, please check again. Even online stores provide GST bill with warranty yet the IKEA prices are way to high. Now coming to DIY, present generation Indians do know how to assemble things themselves. RU-vid channels are available for that. Work on your price first

@siddharthkanjilal1778 Месяц назад

Amazon is cheaper even in Europe and US. So it can't be just about the price.

@Vishwakuchangi Месяц назад

My analysis was only on Indian market. I don't know how big IKEA is in Europe or US so definitely when it comes to India, pricing is one of the key differentiator@@siddharthkanjilal1778

@Vishwakuchangi Месяц назад

@@siddharthkanjilal1778My analysis was only on Indian market and not US or Europe. Price is the biggest factor in Indian market especially when there are other avenues to compare so easily and then Quality too. Majority of their wood is engineered(particle wood) then why pay such high price for engineered wood

@stankssmile5865 20 дней назад

India is bkessed with such good fertile soil, we have so many different kinds of wood unlike the engineered glued wood cardboard piece

@nikhilthaur531 3 месяца назад

Indian market is mostly value for money with good quality.. You captured all points very well.. we dont like to drive long to but furniture when my dad’s friend has furniture shop and they will send the furniture to Home without any cost.. set up the whole thing and you can pay him in instalments.. in india relationship sells as simple as that….

@MeganoOdles 4 месяца назад

Not just Ikea, but many car manufacturers failed in India as well, the average Indian earns less than $400 USD a month., they simply can't afford it.

@dlxpro9342 4 месяца назад

IKEA isn't for everyone. But even if only 5% of those who can afford it are considered, that's more than the populations of many countries. IKEA is struggling because its products are made for European homes. For success in India, IKEA needs to redesign for Indian households.

@ganeshnh 4 месяца назад

You don't know the sales if mercedes and Lamborghini here

@appsaccount9040 3 месяца назад

@@ganeshnhFunny thing is, those who buy Mercedes and Lamborghini, they don’t even look at cheap IKEA furnitures 😄 They can afford real polished wood, even for their floor.

@swakal8868 3 месяца назад

Can't afford 😂 bro we have better consumers, richer than population of some western countries.

@adolft_official 3 месяца назад

you have triggered some loudmouths

@jacobthomas4651 2 месяца назад

True , it will take time, but will eventually succeed

@PravahanSalunke 2 месяца назад

I am surprised at the premature conclusion that IKEA has failed in India. AFAIK Ikea just got started in India & has a long way to go.

@lhxperimental 2 месяца назад

What are you talking about. The IKEA in Mumbai is always crowded

@janejustin1788 2 месяца назад

a success in only one store or city doesn't mean it has succeeded...i'm sure IKEA thought it would expand in the whole country quickly considering India's growing economy and a large young population

@nou7401 Месяц назад

@@janejustin1788 IKEA hasn’t failed, it’s getting started. They just announced expansions.

@smobilel3266 Месяц назад

Not sure about local vs global or other bigger "business ideas" floating here but here is one honest opinion. The furniture from IKEA are Ugly. It is more of a urban vagabond Lego style design which just does not match with the aesthetics in most Indian homes. For us, furniture is mostly one time buy, may be 2 times but in a full lifetime. I find no reason to put money in those new age yolo kind of Lego looking stuff. IKEA's design sensibilities just don't cut it for me. If "a table is just a flat board over 4, ohh no 3 legs" is the definition of table then it's going to fail. I look to buy a great aesthetic furniture once in a lifetime and no, I am no way into "subscription in furniture" model or let's buy a Lego to get bored with in 2 days thing at all. I don't need another yolo office space in my home. Here is something I as an Indian did learn from our global counterparts which is don't bring the office to home! I haven't even discussed the wood quality of IKEA which is tad bad. I understand for IKEA it makes sense to use the kind of wood they use for max say 2 years life but as I said above, I am looking for a generational furniture. Till the time I don't afford it, I can go about with life without the overpriced IKEA stuff for the kind of cheap wood they use. Put it shortly, most us Indians, know about wood and it is hard to hoodwink us about wood. The market for IKEA in India is a one time buy for each 25 year old when we all make that one newbie mistake of a buying decision.

@SamitShankar 3 месяца назад

Ikea sells high quality internationally designed products and they are durable if maintained well. Yes, most products are compressed wood and not hard wood so more environmentally conscious. They are geared for the upper middle class clientele who appreciate fine quality.