Europe Wood Engineered Floors (Parquet) Market - Industry Trends and Forecast to 2031

Europe Wood Engineered Floors (Parquet) Market Analysis and Size

In commercial spaces, wood engineered floors (parquet) market are extensively used to create sophisticated and inviting environments. These floors offer a balance of elegance and durability, making them suitable for high-traffic areas such as offices, retail stores, restaurants, and hotels. Their aesthetic appeal enhances the ambiance of commercial establishments, contributing to a positive customer experience. Additionally, wood engineered floors are favoured for their ease of maintenance, ensuring that businesses can maintain a clean and attractive appearance with minimal effort.

Europe wood engineered floors (parquet) market size was valued at USD 6.54 billion in 2023 and is projected to reach USD 12.56 billion by 2031, with a CAGR of 8.50% during the forecast period of 2024 to 2031. 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 in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe Wood Engineered Floors (Parquet) Market Scope and Segmentation

Market Definition

Wood engineered floors, particularly parquet, are a type of flooring composed of multiple layers of wood bonded together. Unlike solid hardwood flooring, engineered wood floors feature a top layer of real wood veneer adhered to a core layer made of plywood or high-density fiberboard (HDF). This construction enhances stability and resistance to moisture and temperature fluctuations. Parquet refers specifically to engineered wood flooring with a distinctive geometric pattern or design, offering aesthetic versatility and timeless elegance to spaces. It provides the luxurious look and feel of solid wood while offering greater durability and suitability for various environments.

Wood Engineered Floors (Parquet) Market Dynamics

Drivers

• Increased Focus on the Online Sales Channel Expands Accessibility for Consumers

Online platforms offer a wide range of product options, enabling consumers to compare prices, styles, and specifications easily. This accessibility is particularly appealing for consumers in remote areas or those with limited access to physical stores. Additionally, online sales channels provide a platform for manufacturers to display their products to a broader audience, fostering market penetration and brand visibility. The digital marketplace also facilitates direct-to-consumer sales, allowing for more competitive pricing and promotions, further stimulating demand for wood engineered floors.

• Ease of Installation Leads to the Rise in the Adoption Wood Engineered Floors

With simple click-lock or tongue-and-groove systems, these floors can be installed quickly and efficiently, reducing labor costs and time for homeowners and contractors. This ease of installation makes wood engineered floors an attractive choice for DIY enthusiasts and professionals asuch as, driving increased adoption and demand. Overall, the simplicity and convenience of installation contribute to the growing popularity and market penetration of wood engineered floors, including parquet options.

Opportunities

• Increase in Environmental Awareness Leads to the Rising Demand for Sustainable Flooring

As consumers become increasingly conscious of environmental impact, they are seeking flooring options that are both aesthetically pleasing and environmentally responsible. Consumers become more conscious of the environmental impact of their purchasing decisions, they are actively seeking flooring solutions that are both aesthetically pleasing and environmentally friendly. Wood engineered floors, known for their sustainability and durability, are poised to capitalize on this trend. It offers eco-friendly options without compromising on quality or style, manufacturers can meet the rising demand for sustainable flooring and establish themselves as leaders in the industry.

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. These certifications ensure that the wood products come from responsibly managed forests that provide environmental, social, and economic benefits. As a result, wood-engineered floors that meet these certifications are considered environmentally friendly, leading to increased demand from consumers and businesses seeking eco-conscious flooring options.

• Growing Trend of Home Improvement Promotes the Demand for High-Quality Flooring Solutions

Engineered wood flooring offers a balance of durability, aesthetic appeal, and eco-friendliness, making it an attractive choice for modern homeowners. With advancements in manufacturing techniques, engineered wood floors can mimic the look of solid hardwood while offering greater stability and versatility. As consumers seek sustainable and stylish flooring options, the market for wood engineered floors, particularly parquet designs, is poised for substantial growth in meeting these demands.

For instance,

The Europe Union has been promoting energy efficiency in residential buildings through various initiatives and incentives, such as the Eco Fund in Slovenia, which offers financial incentives for energy efficiency measures, and the Environmental Protection and Energy Efficiency Fund (EPEEF) in Croatia, which launched a call for renovation of residential dwellings to tackle energy poverty. These programs aim to encourage homeowners to invest in renovations that focus on energy efficiency, eco-friendliness, and sustainability. The incentives have led to a surge in home improvement projects that focus on energy efficiency and sustainability, making it more accessible for homeowners to invest in upgrades that benefit both the environment and their wallets.

 Restraints/Challenges

• High Maintenance Cost Limits the Adoption of Wood Engineered Floors

While these floors offer the aesthetic appeal and durability of real wood, the need for regular upkeep including polishing, sealing, and repairs can quickly accumulate expenses for homeowners and businesses asuch as. This maintenance burden often outweighs the initial investment benefits, causing potential customers to opt for alternative flooring options with lower upkeep requirements. As a result, the market for wood engineered floors faces limitations in growth due to the deterrent of high maintenance costs.

• Emerging Competition from Alternative Flooring Options Limits the Usage of Wood Engineered Floors

Alternative flooring options includes substitutes such as luxury vinyl tile (LVT), laminate flooring, and eco-friendly options such as bamboo flooring. These alternatives offer comparable aesthetics, durability, and ease of installation at competitive price points, eroding the market share of wood engineered floors. Additionally, advancements in manufacturing technologies and design innovations in alternative flooring segments pose a threat.

For instance,

Ceramic and porcelain tile flooring remain popular choices in areas with high moisture or heavy foot traffic due to their water resistance and durability. These tile options pose competition to wood engineered flooring in spaces such as bathrooms, kitchens, and commercial environments. Porcelain tile is highly durable, resistant to wear, scratching, chipping, and cracking, making it suitable for high-traffic areas and commercial use. It is also completely waterproof, which makes it an exceptional flooring for areas prone to getting wet, such as bathrooms and kitchens. Ceramic tile, while less water-resistant than porcelain, is still resistant to moisture and is a good choice for areas with moderate moisture levels. In comparison, wood engineered flooring may show quicker signs of wear in high-traffic areas and may not be as water-resistant as tile flooring.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In April 2023, Kährs achieved a remarkable 63% reduction in carbon dioxide emissions compared to 2020, surpassing its climate goal for 2025 and exceeding the required reduction set by the science-based target initiative. This significant accomplishment bolstered Kährs' global presence in the wood engineered floors market, positioning the company as an eco-friendly industry leader
• In October 2021, Tarkett collaborated with the Swedish environmental company Ragn-Sells to develop carbon-negative mineral fillers for vinyl flooring by 2025. This collaboration involves extracting calcium from ash piles in Estonia and utilizing carbon capture technology to produce calcium carbonate. Tarkett aims to innovate its flooring solutions by leveraging sustainable practices, reinforcing its commitment to environmental stewardship and sustainability

Wood Engineered Floors (Parquet) Market Scope

The market is segmented into type, material, and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Type

• Solid Wood Flooring
• Parquet Wood Flooring
• Laminated Wood Flooring
• Wood Effect Vinyl Flooring
• Others

Material

• Oak
• Maple
• Walnut
• Cherry
• Ebony
• Bamboo
• Teak
• Others

End Use

• Commercial
• Residential

Europe Wood Engineered Floors (Parquet) Market Regional Analysis/Insights

The market is analyzed on the basis of type, material, and end use, as referenced above.

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.

Germany is expected to dominate in the wood engineered floors market, primarily driven by the concentration of key industry players within the country. The strategic presence of major manufacturers facilitates efficient distribution channels, enabling wider accessibility of wood engineered floors to consumers across Europe. Moreover, the market landscape in Germany is characterized by a surge in initiatives such as acquisitions, collaborations, and product launches by manufacturers. These strategic endeavors enhance market penetration and foster innovation and competitiveness, solidifying Germany's position as a key hub for wood engineered flooring within Europe.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Wood Engineered Floors (Parquet) Market Share Analysis

The wood engineered floors (parquet) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus on the wood engineered floors (parquet) market.

Some of the major players operating in the market are:

• Shaw Industries Group, Inc.  (U.S.)
• EGGER  (Austria)
• Tarkett  (France)
• Kährs  (Sweden)
• BARLINEK SA  (Poland)
• SWISS KRONO Group  (Switzerland)
• Bjelin Sweden AB  (Sweden)
• Weitzer Parkett Vertriebs GmbH  (Austria)
• Q.E.P. Co., Inc.  (U.S.)
• BAUWERK GROUP SCHWEIZ AG  (Switzerland)
• Hamberger Industriewerke GmbH  (Germany)
• Panaget  (France)
• MeisterWerke Schulte GmbH  (Germany)
• Tilo  (Germany)
• ter Hürne GmbH & Co. KG  (Germany)
• Admonter  Holzindustrie AG (Austria)
• CLASSEN  (Germany)
• SCHEUCHER HOLZINDUSTRIE(Austria)
• Lalegno  (Belgium)
• Faus International Flooring  (Spain)
• Pergo  (U.S.)
• M. KAINDL GMBH  (Austria)

SKU-70198