PARQUET MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 - 2032)

Global Parquet Market Size and Forecast – 2025-2032

The global parquet market is estimated to be valued at USD 58.93 Bn in 2025 and is expected to reach USD 89.79 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2025 to 2032.

Key Takeaways of the Global Parquet Market

• The engineered segment is expected to lead the market holding a share of 52.3% in 2025.
• The oak segment is projected to dominate with a share of 44.7% in 2025.
• Europe, holding an estimated share of 37.9% in 2025, is projected to dominate the market.
• Asia Pacific, holding an estimated share of 29.6% in 2025, shows the fastest growth in the market.

Market Overview

The parquet market is seeing the growing adoption of eco-friendly and engineered wood products, which combine durability with environmental sustainability. Innovations such as enhanced manufacturing techniques and digital printing for customized designs are attracting a broader customer base. Also, increased awareness of green building standards and certifications is pushing manufacturers to make low-emission parquet options, positioning the market toward sustainable growth aligned with evolving consumer preferences.

Current Events and Its Impact

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Segmental Insights

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Superior Versatility and Performance

The engineered segment, projected to hold 52.3% of the global parquet market share in 2025, leads because of its stability and ease of installation. Its multi-layer structure resists warping and humidity changes, making it suitable for different climates and compatible with underfloor heating systems.

Engineered parquet’s click-lock installation and prefinished surfaces reduce labor time and costs, benefiting residential renovators and large commercial projects. Sustainability also adds to its appeal, as its veneer-based design uses less premium hardwood while maintaining aesthetics.

Tarkett’s “Engineered Wood Herringbone Collection” launched in 2024 offers high-durability oak layers over sustainable plywood cores, adding eco-efficiency with modern design versatility.

Global Parquet Market Insights, By Wood Species – Oak Leads Because of Timeless Appeal and Exceptional Durability

Oak, command an estimated 44.7% share in 2025, remains the top choice because of its durability, timeless aesthetics, and sustainability. Its hardness gives a long service life, while its natural tonal variation suits both traditional and contemporary interiors. Oak’s broad availability from FSC-certified forests adds to its sustainability credentials.

Technological advances in protective coatings and surface finishes have also added to oak’s moisture and scratch resistance, growing its use in high-traffic spaces. Kährs introduced its “Oak Shoreline Collection” in 2024, featuring matte lacquer finishes and FSC-certified European oak sourced from managed forests, emphasizing both style and environmental responsibility.

Regional Demand for Parquet Flooring by Construction Type

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Price Analysis of the Parquet Market

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Regional Insights

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Europe Parquet Market Analysis and Trends

Europe, holding an expected share of 37.9% in 2025, dominates the global parquet market because of its long-established manufacturing ecosystem, the presence of advanced woodworking industries, and stringent regulations promoting sustainable forest management and use of eco-friendly materials. Countries like Germany, France, and Italy see a rich history of craftsmanship in parquet flooring, supported by a network of skilled artisans and highly automated manufacturing facilities. European government policies often focus on sustainability and certification standards such as FSC and PEFC, adding to consumer trust and demand for high-quality parquet products.

Also, a mature renovation and construction industry, added with consumer preference for premium and durable flooring solutions, sustains Europe's leading position. Notable companies such as Tarkett (France), Boen AS (Norway), and Kahrs Group (Sweden) contribute a lot through innovation in design, environmentally responsible sourcing, and extensive distribution networks across the continent. Europe's well-integrated trade infrastructure also ensures smooth import-export flows, strengthening its market dominance.

Asia Pacific Parquet Market Analysis and Trends

The Asia Pacific, holding a share of 29.6% in 2025, shows the fastest growth in the parquet market, because of fast urbanization, rising middle-class income, and increasing awareness of interior aesthetics and sustainable living. Countries like China, India, and Australia are seeing a lot of investments in residential and commercial infrastructure, leading to a rise in parquet flooring demand. The region's growing real estate sector and government initiatives pushing green construction have also added to adoption.

Despite being relatively nascent compared to Europe in parquet manufacturing, Asia Pacific sees growing local production capabilities and an influx of international brands establishing regional bases or partnerships. Companies such as Jiangsu Senmao Bamboo and Wood Industry Group (China), Greenply Industries (India), and Polyflor Australia contribute a lot by tailoring products to regional preferences and price sensitivities. Flexible trade policies and increased import-export activities further add to market expansion, particularly with eco-certified products gaining popularity.

Global Parquet Market Outlook for Key Countries

Germany Parquet Market Analysis and Trends

Germany parquet market stands out because of its strong industrial base and tradition of quality woodworking. Leading companies like MeisterWerke and Hamberger Flooring invest a lot in research and development to make innovative parquet designs that meet stringent environmental standards. The country’s focus on energy-efficient and sustainable housing makes demand for parquet as a renewable, long-lasting flooring material. Also, Germany’s role as a key exporter and importer within the European Union solidifies its strategic importance in the market.

China Parquet Market Analysis and Trends

China parquet market is growing fast, supported by booming urban development and increasing consumer purchasing power. Domestic players like Jiangsu Senmao are growing capacity and product portfolios, while multinational corporations are using China as a manufacturing hub to cater to regional demand. The government’s green building codes push the use of sustainable materials, making parquet flooring an attractive option in new residential and commercial projects. Rising awareness of interior design trends also makes demand among Chinese consumers.

France Parquet Market Analysis and Trends

France has a sophisticated parquet market with a mix of historical appreciation and contemporary design trends. Tarkett, a French multinational, plays a big role in innovation and sustainability leadership. The national focus on cultural heritage preservation affects parquet usage in restoration and luxury segments, while modern construction benefits from eco-certified flooring solutions. The French government’s environmental policies make a steady demand for parquet products that meet high standards of resource efficiency and recyclability.

India Parquet Market Analysis and Trends

India parquet market is gaining momentum because of large-scale urbanization and increasing investment in premium construction projects. Government initiatives encouraging green building practices stimulate interest in sustainable wood flooring options. Greenply Industries leads the market with accessible and varied product offerings suited to local climatic conditions as well as aesthetic preferences. The growing middle class’s increasing disposable income and evolving lifestyle aspirations are adding to residential and commercial parquet use.

Australia Parquet Market Analysis and Trends

Australia sees a mature construction sector and a growing focus on environmentally sound building materials. Polyflor Australia and other regional manufacturers focus on eco-friendly sourcing and product innovation made for Australian standards and environmental conditions. Government incentives for sustainable construction add to parquet’s popularity. Also, Australian consumers show a lot of interest in natural wood aesthetics and durable flooring, underpinning steady market development.

Market Players, Key Development, and Competitive Intelligence

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Key Developments

• On November 5, 2025, Mohawk Industries, Inc. announced that Mr. James F. Brunk, the Company’s Chief Financial Officer, plans to retire, effective April 1, 2026, and Mr. Nicholas P. Manthey, Vice President of Corporate Finance and Investor Relations, will succeed Mr. Brunk as Mohawk’s next chief financial officer.
• In April 2025, Bjelin unveiled its new Slate Collection, a high-tech wood flooring solution. With deep textures and natural color variations, it delivers a cool yet inviting finish. The collection, available in three distinct shades, features Nadura Tiles and is class 34-rated, making it ideal for high-traffic residential and commercial spaces.
• In December 2024, Cyncly, a leading global provider of software and content solutions that help make amazing spaces for living, entered into a definitive agreement to acquire Broadlume, a leading provider of digital marketing, visualization and business management software for the flooring industry. The uniting of two industry leaders with deep knowledge and experience in developing customer-centric technology enables Cyncly Flooring to serve as a true digital partner to help customers sell faster, easier, and smarter.
• In February 2022, Listone Giordano launched Custom+, the collection that applies to the innovative Atmosfere project, conceived by architect Mr. Marco Carini and previewed during the Milano Design City.

Top Strategies Followed by Parquet Market Players

• Established companies dominate the market through huge investments in research and development (R&D), aiming to make high-performance parquet products that meet evolving consumer demands for durability, aesthetic appeal, and sustainability.
  • Tarkett S.A. highly expanded its R&D operations to develop eco-innovative parquet flooring with bio-based binders and recyclable materials under its ReStart program (2024).

• Mid-level players in the parquet market use a more pragmatic approach, focusing primarily on the balance between quality and affordability to attract price-sensitive consumers.
  • Kährs Group introduced its Kährs Life range, an affordable multi-layer wood flooring collection that adds durability with simplified installation, aiming to compete in the mid-tier residential renovation market.

• Small-scale players, often more agile and innovative, differentiate themselves in the competitive parquet market by targeting niche segments and emphasizing unique features or novel product designs that cater to specific consumer needs.
  • Junckers Industrier A/S (Denmark) focuses on the sports and performance parquet segment, making customized solid hardwood floors for arenas and gymnasiums.

Market Report Scope

Parquet Market Report Coverage

Market Dynamics

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Global Parquet Market Driver – Strong Demand from Residential Renovations & Premium New Builds

The global parquet market is driven by growing renovation activities and premium residential construction, as consumers increasingly prioritize durable and elegant flooring. Parquet’s aesthetic versatility, long lifespan, and association with luxury make it popular for both upgrades and new builds. Advances in click-lock installation and prefinished designs further boost adoption.

In 2024, Bauwerk Group reported a surge in sales of its prefinished engineered parquet lines in Europe and North America, driven by renovation demand and premium housing developments emphasizing sustainable and stylish interiors.

Global Parquet Market Opportunity – Eco-Friendly and Low-Carbon Certified Parquet Lines

The rising focus on sustainability offers a strong growth avenue through eco-certified, low-carbon parquet flooring. Demand for FSC- and PEFC-certified wood and VOC-free finishes is growing among green building projects and eco-conscious consumers. In 2024, Tarkett launched its iD Inspiration Wood collection, featuring recyclable materials and bio-based binders with Cradle to Cradle Silver certification, positioning itself as a leader in low-carbon, eco-certified parquet offerings.

Analyst Opinion (Expert Opinion)

• One of the biggest hurdles for parquet manufacturers today is the rising popularity of high-quality Luxury Vinyl Tiles (LVT) and laminate floors that convincingly mimic wood at a fraction of the price. This shift is eroding parquet’s mid-range customer base, forcing traditional players to either innovate or risk losing relevance in price-sensitive markets.
• The market continues to face serious cost pressures due to fluctuating timber prices and supply disruptions, particularly for oak and walnut sourced from Europe and North America. Even large players with strong supplier networks are struggling to maintain consistent margins, while smaller firms are being squeezed out entirely by procurement instability.
• While eco-certifications like FSC and PEFC are becoming market essentials, the fragmented and often overlapping certification frameworks have become a burden for manufacturers. Smaller companies, in particular, face growing administrative and financial strain to stay compliant — a challenge that could widen the gap between premium global brands and regional suppliers.

Market Segmentation

• Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Engineered
  • Solid
  • Others
• Wood Species Insights (Revenue, USD Bn, 2020 - 2032)
  • Oak
  • Mixed
  • Walnut & Premium Species
  • Others
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Tarkett
  • Mohawk Industries
  • Armstrong Flooring
  • Forbo
  • Bjelin
  • BOEN
  • Junckers
  • Kährs
  • Listone Giordano
  • BerryAlloc
  • Admonter
  • Quick-Step
  • Bauwerk
  • Pergo
  • HARO

Sources

Primary Research Interviews

Stakeholders

• Flooring Manufacturers and Suppliers
• Interior Designers and Architects involved in residential and commercial flooring projects
• Real Estate Developers and Luxury Home Builders
• Construction Companies and Contractors
• Wood Processing and Timber Suppliers
• Retailers and Distributors of Flooring Materials
• Sustainability Experts and Green Building Consultants (focusing on eco-certified flooring solutions)

Databases

• Eurostat
• U.S. Census
• OECD
• Wood Flooring International Database (WFI)
• Global Timber Trade Data Repository (GTDR)
• Construction Global

Magazines

• Floor Covering Weekly (FCW)
• Floor Trends Magazine
• Wood Flooring Expo Journal
• Building Design + Construction (BD+C)
• Architecture Today
• Construction Review Online

Journals

• Journal of Building Engineering
• Construction and Building Materials Journal
• Wood Science and Technology Journal
• Sustainable Construction Materials Journal
• Automation in Construction Journal

Newspapers

• The Construction Index (U.K.)
• The Guardian (U.K.)
• The Economic Times (India)
• Business Standard (India)
• The Wall Street Journal (U.S.)
• Construction Week Online (Middle East)

Associations

• European Federation of the Parquet Industry (FEP)
• National Wood Flooring Association (NWFA)
• Forest Stewardship Council (FSC)
• Programme for the Endorsement of Forest Certification (PEFC)
• National Association of Home Builders (NAHB)
• Green Building Council (USGBC / UKGBC)

Public Domain Sources

• U.S. Census Bureau
• EUROSTAT
• World Bank
• United Nations Economic Commission for Europe (UNECE)
• ResearchGate
• World Forestry Organization (WFO)

Proprietary Elements

• CMI Data Analytics Tool, Proprietary CMI Existing Repository of Information for the Last 8 Years