Parquet Market Size &
Share | Growth Forecast 2025-2034

The global parquet
market was estimated at USD 63.6 billion in 2024. The market is
expected to grow from USD 66.6 billion in 2025 to USD 111.7 billion in 2034, at
a CAGR of 5.9%, according to Global Market Insights Inc.

The parquet flooring
industry is experiencing a boom in demand, driven primarily by the increasing
consumer desire for good-looking and high-end flooring solutions. The World
Floor Covering Association (WFCA) reports that the global flooring market in 2022
hit USD 457.83 billion, with parquet flooring contributing about 12% of the
overall market share.

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Parquet, with its complex
geometric designs and classic beauty, is favored by homeowners and interior
designers to add a touch of luxury to interior spaces. The growing demand for
interiors, particularly in urban residents and millennials, made parquet a
symbol of sophistication and style. It's ability to mix with old craftsmanship
with modern design trends makes it a popular choice in both residential and
commercial environments. In addition, the presence of customizable patterns and
finishes has become another growth driver, enabling consumers to customize
their surroundings without a compromise on high-end looks.

Urbanization and growth in
residential development are also growing the demand for parquet. The United
Nations Department of Economic and Social Affairs states that 68% of the world
population will live in cities by 2050, which will require massive housing
construction. As the cities grow and populations swell, the need for new
housing units keeps growing, especially in the emerging economies of
Asia-Pacific, Africa, and select European markets.

Governments and private
builders are developing infrastructure and housing projects with significant
investment, forming a strong pipeline for floor materials. Parquet flooring, in
its ability to withstand wear and tear and its aesthetic appeal, is now being
specified in these developments. Additionally, the trend of refinishing old
homes to contemporary standards is also fueling the growth of the market, as
homeowners choose parquets to increase value and character in their homes. The
European Federation of the Parquet Industry (FEP) cites a 5.8% rise in parquet
consumption on the continent during 2022, as a testament to the market's rapid
growth path.

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Another reason for the
growth of the parquet flooring is the increasing demand for engineered wood
flooring. Unlike old solid wood, engineered wood provides great stability,
moisture resistance, and convenience of installation features which make it
ideal for various environments. Engineered parquet combines with the aesthetics
of natural wood with the technical benefit of layered design, which is suitable
for both heavy traffic and regions with fluctuating climates. With
sustainability becoming a priority, engineered wood also supports eco-conscious
choices by optimizing wood usage and reducing waste, further aligning with
global green building initiatives. According to the Forest Stewardship Council
(FSC), engineered wood products consume 25-30% less raw material than solid
wood flooring materials, which is in line with sustainable building norms and
green building schemes like LEED and BREEAM.

The U.S. dominates an
overall North America parquet industry and valued at USD 12.3 billion in 2024
and is expected to grow at a CAGR of 5.8% during the forecast period from 2025
to 2034.

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headquartered in Delaware, U.S., is a global market research and consulting
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