Inter Ikea CEO Jon Abrahamsson Ring believes housing market conditions will improve over the coming year, signaling a positive outlook for the company’s kitchen business.
As more consumers invest in their homes, demand for home furnishings, particularly kitchen products, is expected to rise.
Inter Ikea Group is the group of companies that connects Ikea franchisees in all 63 markets around the world.
HOUSING AFFORDABILITY IS AT THE LOWEST LEVEL SINCE 2007
In fiscal year 2026, Ring projected that kitchens will be a big business for them based “on an analysis where we see that interest rates will have come down, inflation will have come down, and then consumer confidence will come back up.”
The chief executive also expects an increase in residential construction during that time, adding that the kitchen business is “very good for us to prioritize.”
Amid the height of inflation, people weren’t “moving at the same frequency,” Ring said. “Since Ikea is a popular destination for the newly moved, we have recognized the downs.” But …