Seats & Sofas - Panama
Panama- In 2024, the revenue in the Seats & Sofas market in Panama amounts to US$85.12m.
- It is projected that the market will experience an annual growth rate of 1.65% (CAGR 2024-2029).
- When compared to other countries around Worldwide, United States generates the highest revenue in this segment, reaching US$46bn in 2024.
- Taking into account the total population figures, the per person revenue in Panama is estimated to be US$18.80 in 2024.
- Panamanian consumers are increasingly seeking customizable seating options to fit their unique and diverse interior design preferences.
- Key regions:
- Canada,
- Brazil,
- United States,
- Worldwide,
- France
Definition:
This segment is centered on different assortments of seating, on which people can sit and relax on in the living room. This segment includes sofas, sectionals, loveseats, chaises, ottomans, armchairs, dining chairs, bar stools, benches, and seats that convert into a bed (e.g., pull-out beds, sleeper sofas, etc.). However, it does not include office chairs (e.g., swivel seats with variable height adjustments), garden seats, or camping equipment.
Additional Information:
The Seat & Sofas subsubsegment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This subsubsegment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.
In-Scope
- Sofas, dining chairs, and armchairs
- Bar chairs, stools, and benches
- Sectionals, couches, and loveseats
- Pull-out beds
Out-Of-Scope
- Swivel seats
- Garden seats
- Camping equipment
