Consumers and businesses are becoming more conscious of the environmental impact of their choices, including the materials they use in their homes and offices. This awareness has led to a shift towards eco-friendly options such as wood-engineered floors, which are considered more sustainable than some traditional flooring materials.
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Wood is a natural material, and engineered wood flooring also known as parquet flooring, is designed to use resources efficiently. It is made by layering real wood veneers on top of a plywood or high-density fiberboard (HDF) core. The use of real wood appeals to those who prefer natural, organic, and biodegradable materials.
For instance,
- Various certification bodies and eco-labels, such as the Forest Stewardship Council (FSC) and the Programme for the Endorsement of Forest Certification (PEFC), endorse sustainably-sourced wood products. Wood-engineered floors that meet these certifications are considered environmentally friendly, which leads to increased demand from consumers and businesses seeking eco-conscious flooring options.
As the demand for sustainable and environmentally-friendly products continues to rise, the wood-engineered floor (parquet) market is likely to experience further growth and expansion in the coming years.
Data Bridge Market Research analyses that the Europe Wood Engineered Floors (Parquet) Market is expected to grow at a CAGR of 8.5% in the forecast period of 2023 to 2030 and is expected to reach USD 11,571.09 million by 2030.
Key Findings of the Study
Growing home improvement and renovation activities are expected to drive the growth of the Europe wood engineered floors (parquet) market
Homeowners undertaking renovation projects often seek to update the appearance and aesthetics of their living spaces. Wood-engineered flooring offers a wide range of design options, including various wood species, colors, patterns, and finishes. Its ability to add a touch of elegance and warmth to interiors makes it a preferred choice for homeowners looking to enhance the visual appeal of their homes.
Wood-engineered flooring is versatile and suitable for various interior styles, from classic to modern. It complements a wide range of decor themes, allowing homeowners to customize their living spaces according to their preferences. Its adaptability makes it an attractive option during home improvement projects, as it can seamlessly integrate with existing or new design elements.
For instance,
- Some European countries offered incentives, tax benefits, or grants for home improvement projects that focused on energy efficiency, eco-friendliness, and sustainable upgrades. These incentives encouraged homeowners to invest in renovations, leading to a surge in activity.
Overall, the combination of aesthetics, versatility, durability, sustainability, and market trends in home improvement and renovation activities has contributed to the increasing demand for wood-engineered flooring in Europe.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customisable to 2015-2020)
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Quantitative Units
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Revenue in Million, Volumes in Units, and Pricing in USD
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Segments Covered
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Type (Solid Wood Flooring, Parquet Wood Flooring, Laminated Wood Flooring, Wood Effect Vinyl Flooring, and Others), Material (Oak, Maple, Walnut, Cherry, Ebony, Bamboo, Teak, and Others), End Use (Residential and Commercial)
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Countries Covered
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Germany, Italy, France, Sweden, Switzerland, Austria, Norway, Finland, Denmark, Poland, Spain, U.K., Netherlands, Belgium, Russia, Turkey, Czech Republic, and Rest of Europe
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Market Players Covered
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Shaw Industries Group, Inc.(Georgia), EGGER (Austria), Tarkett (France), Kährs (Sweden), BARLINEK SA (Poland), SWISS KRONO Group (Switzerland), Bjelin Sweden AB (Sweden) , Weitzer Parkett Vertriebs GmbH (Germany), Q.E.P. Co., Inc.(U.S.), BAUWERK GROUP SCHWEIZ AG (Switzerland), Hamberger Industriewerke GmbH (Germany), Panaget (France), Meister (Germany), Tilo (Austria), ter Hürne GmbH & Co. KG (Germany), Admonter (Austria), CLASSEN (Poland), SCHEUCHER WOOD INDUSTRY (Austria), Lalegno (Belgium), Faus International Flooring (Spain), Pergo (Belgium), and M. KAINDL GMBH (Germany) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis
The Europe wood engineered floors (parquet) market is segmented into three notable segments based on type, material, and end use.
- On the basis of type, the market is segmented into solid wood flooring, parquet wood flooring, laminated wood flooring, wood effect vinyl flooring, and others.
In 2023, the solid wood segment is expected to dominate the Europe wood engineered floors (parquet) market
In 2023, the solid wood segment is expected to dominate the market with a market share of 34.40%, due to the rising urbanization and real estate development.
- On the basis of material, the market is segmented into oak, maple, walnut, cherry, ebony, Bamboo, teak, and others.
In 2023, the oak segment is expected to dominate the Europe wood engineered floors (parquet) market
In 2023, the oak segment is expected to dominate the market with a market share of 26.98%. due to higher demand for home renovation.
- On the basis of end use, the market is segmented into residential and commercial. In 2023, the residential segment is expected to dominate the market with a market share of 58.90% due to rising home improvement activities.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players in the Europe wood engineered floors (parquet) market that include Shaw Industries Group, Inc.(Georgia), EGGER (Austria), Tarkett (France), Kährs (Sweden), BARLINEK SA (Poland), SWISS KRONO Group (Switzerland), Bjelin Sweden AB (Sweden), Weitzer Parkett Vertriebs GmbH (Germany), Q.E.P. Co., Inc.(U.S.), BAUWERK GROUP SCHWEIZ AG (Switzerland), Hamberger Industriewerke GmbH (Germany), Panaget (France), Meister (Germany), Tilo (Austria), ter Hürne GmbH & Co. KG (Germany), Admonter (Austria), CLASSEN (Poland), SCHEUCHER WOOD INDUSTRY (Austria), Lalegno (Belgium), Faus International Flooring (Spain), Pergo (Belgium), and M. KAINDL GMBH (Germany) among others.
Recent Developments
- In July 2023, Shaw Industries Group, Inc. earned a license to the Works with WELL mark for its EcoWorx carpet tile products available from Patcraft, Philadelphia Commercial, and Shaw Contract globally. This has helped the company to establish its global presence.
- In June 2023, Bjelin Sweden AB won NeoCon 2023 award. The Scandinavian-designed floors were recognized for their “excellence and innovation” at NeoCon’s event in Chicago. This helped the company to establish its global presence.
- In December 2022, EGGER acquired 60% of the shares in Italian wood-based materials manufacturer SAIB. This has helped the company to establish its global presence.
- In October 2021, Tarkett, a worldwide leader in innovative and sustainable flooring and sports surface solutions, and the Swedish environmental company Ragn-Sells announced today a collaboration aiming at developing carbon-negative mineral fillers for vinyl flooring by 2025. The calcium is extracted from ash piles in Estonia and the calcium carbonate is produced using carbon capture technology.
- In August 2019, BARLINEK S.A. expanded its operations by opening an office in the U.S. This helped the company to establish its global presence.
Country Analysis
Geographically, the countries covered in this market report are Germany, Italy, France, Sweden, Switzerland, Austria, Norway, Finland, Denmark, Poland, Spain, U.K., Netherlands, Belgium, Russia, Turkey, Czech Republic, and Rest of Europe.
As per Data Bridge Market Research analysis:
Germany is the dominant country in the Europe wood engineered floors (parquet) market
In 2023, Germany is expected to dominate the market due to the presence of many major players operating in the country and the increase in initiatives such as acquisitions, collaborations, and product launches by manufacturers to distribute their products efficiently to the consumer.
Germany is the fastest-growing country in the Europe wood engineered floors (parquet) market during the forecast period 2023-2030
Germany is expected to be the fastest-growing country in the market due to the increasing number of wood-engineered floor manufacturers in the country, along with the increasing urbanization.
For more detailed information about the Europe wood engineered floors (parquet) market report, click here – https://www.databridgemarketresearch.com/reports/europe-wood-engineered-floors-parquet-market
