I found odd definitions in a Google search.
One said it was Swedish for particle board.
Another said it was Norse for maze.
A more believable one said
[QUOTE]
Some readers might still wonder what IKEA means:
Ingvar Kamprad Elmtaryd Agunnaryd.
Ingvar Kamprad is the founder, he grew up at a farm
called Elmtaryd in a little village called Agunnaryd
[quote]
Also, how would Swedes pronounce it?
That is correct. You can read more in IKEA usa website. As to pronunciation, well it follows the normal Swedish rules, but I don’t know how to explain that in English.
Well, a Belgian friend of mine pronounces it “ee-KAY-uh”, while I and all the Americans I know say something mroe like “eye-KEE-uh”. Is the Swedish like one of those, or something else?
Having spent most of my free time in one for the last 3 months, I pronounce it “ickier” 
“Ee-KAY-ah” is pretty close.
I think pretty much anyone in the world except Americans would pronounce it correctly: “ee-KAY-ah”
ih-KEY-ah is how everyone I know says it.
Short I, emphasis on KE, A by itsself.
Most of the english speakers I know say eye-KEY-ah
Mmmm IKEA.
Ee-KAY-ah in Sweden is close though the ‘Ee’ can sometimes sound as though there’s a short ‘j’ before the ‘Ee’
It’s E-Kay-Ah in France
In Germany we also come quite close to the Swedish original (at least compared to English pronouciation).
Do the Finns pronouce it like it was a Finnish word? Stress on I, and slight stress on A? I-ke-A… my guess is: yes!
I believe the Swedes pronounce it “muhn-ee-MAY-ker.”