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Who is Fueling the Surge in Consumption?

The residential sector is the primary engine driving the Parquet market. Wherein, homeowners prioritize value retention and aesthetics during renovations. Recent Astute Analytica’s data shows that single-family housing in the US starts hit 1,050,000 units in late 2024. These individual units are prime candidates for wood flooring installations. Beyond new builds, the renovation segment is critical. US housing completions reached a rate of 1,386,000 units. Buyers of existing homes frequently replace carpeting or vinyl with parquet to boost property value. 

Commercial end-users are also pivotal. Hospitality and corporate offices use parquet to convey luxury. However, residential usage remains dominant. The cost to floor a standard 150-square-foot room averages USD 1,200. This investment is predominantly seen in private real estate rather than budget-constrained commercial projects.

Which Titans Are Steering the Global Industry?

A few consolidated giants sit at the top of the Parquet market pyramid. 

• Tarkett is a prime example of global scale. The company operated 35 production sites and 24 R&D centers in 2024. Their financial muscle is evident in an Adjusted EBITDA of EUR 329 million.
• Mohawk Industries is another dominant force. They planned a massive USD 520 million Capital Expenditure in 2025 to modernize their flooring capabilities.
• Bauwerk Group also commands significant respect, particularly in Europe. They produce 1.8 million square meters of parquet annually from a single Swiss facility.

These players distinguish themselves through vertical integration. For instance, Kährs achieved a 77% reduction in greenhouse gas emissions. This ability to invest in sustainability creates a barrier to entry that smaller regional competitors cannot easily cross.

Why Do Local Players Dominate Asia Pacific?

The Asia Pacific Parquet market operates differently from the West. It is highly fragmented and unorganized. This structure exists because the region is home to the raw material source. Countries like Vietnam and Indonesia have abundant timber resources. Small, local sawmills can access logs without the heavy logistics costs that global giants face. For example, hardwood flooring imports from Vietnam to the US grew by 28% in 2024. This indicates a thriving local manufacturing base. These smaller entities operate with lower overheads. They do not maintain expensive R&D centers or pay for certifications like the Nordic Swan Ecolabel. 

Consequently, they can offer lower prices. Price sensitivity in developing nations like India and China further favors these local players. Consumers there often prioritize immediate affordability over the 30-year warranties offered by international brands.

What Compels Buyers to Choose Parquet Over Alternatives?

End-users are gravitating toward the Parquet market because of the "authenticity premium." While luxury vinyl tile (LVT) mimics wood, it lacks the tactile warmth and investment value of real timber. A key factor is the lifecycle cost. A premium parquet floor with a 6mm wear layer can be sanded down removing just 1mm of wood per refinish. This renewability is a strong selling point. 

Furthermore, sustainability is driving decisions. Advanced nylon flooring has an embodied carbon of 1.19 kg CO2e, but wood acts as a carbon store. Kährs now offers 200 eco-labeled products, appealing to the green consumer. Real estate data also suggests that homes with hardwood floors sell faster. This potential return on investment makes the initial material cost of USD 6 to USD 16 per square foot acceptable to property owners.

How Are Digital Channels Reshaping Distribution?

Online retail sales channels are maturing rapidly within the Parquet market. Historically, flooring was a "touch and feel" purchase. Now, Augmented Reality (AR) tools allow homeowners to visualize planks in their living rooms before buying. Manufacturers are supporting this by improving sample logistics. Tarkett, for instance, streamlined its distribution after divesting a subsidiary worth EUR 55 million in sales. This focus allows for better direct-to-consumer efficiency. The inventory coverage of 77 days recorded by Tarkett suggests a tighter, more responsive supply chain suited for e-commerce. Online platforms also offer transparency on specifications. 

Consumers can easily filter for features like "7.17-inch width" or "white oak species." This digital shift empowers buyers to bypass traditional showrooms. It forces brands to maintain impeccable product data and image quality to capture the digital shopper.

What Are the Defining Trends for 2025?

Three specific trends are currently reshaping the Parquet market. First is the shift toward "Super-Wide" planks. Design preferences have moved away from the traditional 2-3 inch strips. In-stock retail inventory now averages a width of 7.17 inches. Some luxury collections even reach 10 inches. This creates a more open, modern aesthetic in homes.

The second trend is "Invisible" or Ultra-Matte finishes. Homeowners want the protection of lacquer but the look of raw oil. Bauwerk addresses this by applying only 75 grams of lacquer per square meter. This minimal application preserves the natural grain texture while offering durability.

The third trend in the parquet market is measurable circularity. It is no longer enough to claim a product is green. Companies are embedding recycled content into the core of the floor. Tarkett has set a goal for 30% recycled raw materials by 2030. They already achieved 19% in 2024. Products like the "iD Latitude" collection launched with 40% recycled content. This move toward circular manufacturing is becoming a baseline requirement for entering premium tiers of the market.

Segmental Analysis 

By Type, Engineered Parquet Dominates the Market via Stability and Sustainability

Engineered parquet controls the highest 51.59% revenue share of the parquet market, a dominance driven by its superior structural stability and eco-efficiency. Unlike solid wood, its multi-layer construction effectively resists moisture fluctuations and supports underfloor heating, making it the preferred choice for modern construction. 

According to the European Parquet Federation (FEP) 2024 statistics, multi-layer parquet solidified this lead in the parquet market, accounting for 83% of total European production, while solid wood trailed significantly at 15%. This segment also aligns with sustainability goals by maximizing the yield of precious hardwoods. Major manufacturers confirm this trajectory; Kährs Group reported a 4% increase in order intake in Q4 2024, signaling a recovery led by premium engineered ranges.

Furthermore, the National Wood Flooring Association (NWFA) 2025 Industry Outlook identifies engineered wood as the "fastest-growing wood category," with 69% of members projecting sales growth for the year as the sector rebounds from the 2024 market bottom.

By Wood Species, Oak Control the Lion’s Share through Versatility and Timeless Appeal

Oak wood species are the largest and most dominant segment in the parquet market, unrivaled due to their exceptional durability, grain versatility, and wide availability. Oak’s ability to take various stains—from the trending "raw" look to warm earth tones—keeps it at the forefront of interior design. Recent data from the FEP confirms this monopoly. In 2024, the share of oak in European parquet production rose slightly to reach 83.8%, dwarfing the next closest species, Ash, which held only 4.2%. This resilience is mirrored in financial performance; despite a 4.5% decline in overall European parquet consumption in 2024 (down to 59.3 million m²), oak maintained its market share. 

Industry leaders in the parquet market like Bauwerk Group continue to center their portfolios around oak to meet demand for biophilic designs. As noted in the NWFA’s 2025 outlook, "White Oak" remains the top specified domestic species, reinforcing its status as the industry standard for both residential and commercial projects.

Regional Analysis of the Parquet Market

Europe Holds 36% Share via Sustainability and Renovation Resilience

Europe retains its commanding 36% market share in the parquet market by pivoting swiftly toward sustainable renovation, even as new construction falters. The European Parquet Federation (FEP) reported in January 2025 that while 2024 consumption dipped by just under 5%, the market effectively "reached the bottom" and is poised for a recovery in late 2025.

The regional resilience is visible in the performance of key players; Kährs Group’s Q3 2025 interim report noted that despite a 14% drop in total net sales to SEK 460 million, their European consumer segment delivered solid growth, driven by a stabilizing renovation sector. 

Manufacturers are also solidifying dominance through green innovation. Bauwerk Group, for instance, successfully reduced its CO2 emissions per square meter in 2025, aligning with stringent EU regulations that favor eco-friendly materials. Furthermore, Tarkett’s H1 2025 financial results showed a global revenue stability with a 0.9% increase, bolstered by their "ReStart" recycling programs which appeal to Europe’s environmentally conscious buyer base.

Asia Pacific Parquet MarketExpands Rapidly Driven by Urbanization and Strategic Alliances

The Asia Pacific region is cementing its status as the fastest-growing challenger in the global parquet market, fueled by massive urban development in China and India. Mordor Intelligence estimates the China wood flooring market reached a valuation of US$ 5 billion in 2025 sustained by a shift toward higher−quality interior finishes in Tier−1 cities. India is emerging as a parallel powerhouse. The same data indicates the Indian market hit US$ 1.97 billion in 2025, with a projected CAGR of 6.98% through 2030 due to rising disposable incomes. 

Western brands are aggressively capitalizing on this demand through local partnerships. In November 2025, Kährs Group executed a strategic entry into China, partnering with Nature Home to unlock access to over 100 retail stores across leading cities. This move directly targets the region's appetite for premium European heritage brands, further stimulating regional value growth.

North America Navigates Recovery with Mixed Construction Signals

North America remains a heavyweight contender in the parquet market, though it faces a complex landscape of high optimism tailored against flat construction data. The National Wood Flooring Association (NWFA) 2025 Industry Outlook revealed that 60% of members expect sales to increase this year, signaling strong confidence in the remodeling sector. 

However, actual volume is constrained by a slow housing start recovery. The National Association of Home Builders (NAHB) forecast released in February 2025 predicts single-family starts will inch up by only 0.2% to 1.01 million units. Also, financials from major players reflect this pressure, as Mohawk Industries reported a 3.8% decrease in their North American flooring sales to $937 million in Q3 2025. Despite these headwinds, the premium market remains active, even as overall hardwood consumption in the U.S. declined by 3.5% to $2.3 billion leading into 2025.

Recent Corporate Announcements By Market Players in Parquet Market

• Kährs Group Penetrates China (November 2025): Kährs executed a major strategic expansion by signing a partnership with Nature Home, China’s leading flooring retailer. This alliance unlocks immediate access to over 100 premium retail stores across Chinese Tier-1 cities, allowing Kährs to bypass traditional export hurdles and tap directly into Asia’s growing renovation sector.
• Välinge Innovation, a Swedish flooring technology leader, announced to deepen partnerships with external innovators and tech firms, enhancing its role in flooring and furniture advancements. 

Key Developments of the company in the parquet market

• Bjelin Group: Synergies in Woodura acquisition and industrial integration for sustainable flooring leadership.​
• Engineered Floors: Licensed locking tech for U.S. SPC resilient products, debuted at TISE 2024.​
• Asia expansions: Kunshan support center aids 200+ licensees; Vietnam office enhances manufacturing efficiency.
• AHF Products Launches Densified Wood (2025): AHF introduced "Timber Legends" under its Robbins brand, a breakthrough "densified wood" engineered floor. By utilizing intense heat and pressure rather than chemicals, this innovation delivers a 100% natural hardwood structure that is fully waterproof, directly challenging the waterproof vinyl market.
• Tarkett North American Restructuring (July 2025): In its H1 2025 financial release, Tarkett reported a rise in Adjusted EBITDA margin to 9.8% despite a sluggish market. This profitability was driven by the successful consolidation of its North American logistics platforms and the closure of inefficient legacy lines, prioritizing high-margin engineered wood products.

Top Companies in the Parquet Market

• Barlinek SA
• Bauwerk Group
• Beaulieu International Group
• Boral
• Egger Group
• Haro (Hamberger Flooring)
• Kahrs Group
• Armstrong Flooring
• Kronospan
• Mannington Mills
• MeisterWerke
• Mohawk Industries
• Shaw Industries
• Swiss Krono Group
• Tarkett

Market Segmentation Overview

By Type

• Engineered
• Solid
• Others

By Wood Species

• Oak
• Mixed
• Walnut & Premium Species
• Others

By Region

• North America
  • The US
  • Canada
  • Mexico
• Europe
  • Western Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia and New Zealand
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of South America