Baby & Children's Furniture - Panama

Panama

Revenue in the Baby & Children's Furniture market amounts to US$20.66m in 2024. The market is expected to grow annually by 1.01% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$6,108m in 2024).
In relation to total population figures, per person revenues of US$4.56 are generated in 2024.

Definition:

The Baby & Children’s Furniture market includes furniture specifically designed for the sleep, organization, and care needs of children from infancy through early adolescence (ages 0 to 14). This market covers essential items used in nurseries and children's bedrooms, focusing on practicality, comfort, and design. Products in this market are designed to meet the evolving needs of children as they grow, providing functional solutions for various stages of development.

Structure:

The Baby & Children's Furniture market is divided into five categories:

Cribs & Beds: This market covers a variety of sleeping solutions for babies and children, from infancy to early adolescence.
Nursery Furniture: This market focuses on furniture designed for newborns to assist with daily baby care activities, providing convenience for parents and comfort for the baby.
Baby & Children’s Bedding: This market includes a variety of bedding items designed for cribs, toddler beds, and children's beds. Bedding in this market often features themes or patterns that appeal to children while providing essential comfort.
Baby & Children’s Mattresses: This market covers mattresses designed to fit cribs, bassinets, toddler beds, and children’s beds, prioritizing comfort and support.
Baby & Children’s Closets: This market includes the essential storage furniture that helps to keep children's rooms organized and functional.

Additional Information:

The Baby & Children’s Furniture market consists of revenue and average revenue per capita data. Per capita figures refer to the whole population. This market only includes business-to-consumer (B2C) sales. Business-to-business (B2B) sales (e.g., furniture for coffee shops, offices, etc.) are not included in the figures shown. For more information on the displayed data, click on the info button to the right of each box. In terms of key players in the Furniture market, IKEA is the leading furniture company, but with the rise of e-commerce, players such as Wayfair are gaining ground.

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.