Floating Parquet floor Market Size, Share, Growth, and Industry Analysis, By Type (Engineered Wood Parquet Flooring, Solid Wood Parquet Flooring), By Application (Residential, Commercial, Public and Institutional Spaces) and Regional Forecast to 2033

Floating Parquet floor Market OVERVIEW

The global Floating Parquet floor Market size USD 46911.76 million in 2024 and is projected to touch USD 87369.5 by 2033, exhibiting a CAGR of 6.4% during the forecast period.

The floating parquet floor market is the area of flooring business that involves parquet flooring installed using the floating installation method. The floating parquet floors differ from other types of flooring because, instead of requiring glue or nails to affix the planks to the subfloor, these floors are installed by clicking or locking the pieces together without using adhesives or staples. It boasts all kinds of advantages, especially better installation, lower manhour usage, and the opportunity of installation over most other kinds of floors without need preparation.

The popularity and allure of parquet floor, consisting of small pieces that combine to form a nice, aesthetic, and antique geometry, have become top-most. The floating system provides added appeal to an easier and faster installation mechanism. Increasing demand for very quality, durable, aesthetic floorings in both home and commercial places has seen its growth.

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GLOBAL CRISES IMPACTING FLOATING PARQUET FLOOR MARKET COVID-19 IMPACT

"Floating Parquet floor Market Had a Negative Effect Due To Supply Chain Disruption During COVID-19 Pandemic"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic has also significantly impacted Floating Parquet Floor Market globally. Initially, the widespread disruption of worldwide supply chain resulted in shortage of the raw materials of the concern, which significantly delayed and increased the costs of production, as many could not attain the wood required for product production and all the fundamental components of Floating Parquet flooring. This was further compounded by transportation and logistics restrictions, hence delaying the finished goods shipment to retailers and customers.

Further, the demand for home improvement non-essential products also decreased during this period due to a more essential consumption of most products. Several households, mostly those under financial constraint or uncertainty about the economic scenario, lowered their expenditure leading to reduced consumers' expenditure with a reduction in flooring sector sales. Many construction plans, especially commercial and hospitality segments, remained pending which subsequently reduced demand for new floor installations.

LATEST TREND

"Growing Consumer Preference For Sustainable And Eco-Friendly Flooring Solutions To Drive Market Growth"

A major trend in the Floating Parquet Floor Market is the increasing demand for sustainable and eco-friendly flooring solutions. As environmental concerns continue to rise, there is an increasing demand for parquet floors made from sustainable wood sources, such as certified timber or recycled materials. Manufacturers are responding to this trend by offering eco-friendly floating parquet options that use low-emission finishes, water-based adhesives, and sustainable wood types. This trend is aligned with broader shifts toward more responsible forms of construction and interior design.

Other trending elements include increased design flexibility. Floating parquet floors have become very versatile, meaning that the consumer can obtain a variety of styles, colors, and finishes from the same product to cater to individual tastes and house styles. Larger, more complex patterns, such as herringbone and chevron, are being popularized for both residential and commercial use. These styles are seen as classic and elegant and add sophistication to the interior space.

Additionally, the surging trend of DIY is affecting the market. People find floating parquet easy to install without any use of glue or nails in their floors, making the product highly in demand with homeowners who wish to individually take up flooring projects for themselves. The user-friendliness and cost effectiveness of floating parquet increase the demand in the marketplace.

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FLOATING PARQUET FLOOR MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Engineered Wood Parquet Flooring, Solid Wood Parquet Flooring:

• Engineered Wood Parquet Flooring: Engineered wood floating parquet flooring is made of layered construction, with a thin veneer of hardwood on top and a plywood or MDF core. It is known for enhanced durability and stability, making it ideal for environments where moisture and temperature fluctuations are a concern. It is more affordable than solid wood and is widely used in both residential and commercial applications.

• Solid Wood Parquet Flooring: The composition of solid wood floating parquet flooring is all-natural wood, providing the authenticity and luxurious appearance of a real wooden floor. The longevity and classic looks have been sought by many, providing consumers with an antique look. The high-quality, natural wood floor provides an ageless appearance. It's available for almost any type of application, but maintenance will be greater than for engineered, especially in moisture-intensive locations.

By Application

Based on application, the global market can be categorized into Residential, Commercial, Public and Institutional Spaces

• Residential: Residential sector is one of the biggest consumers of floating parquet floors. These floors are preferred by most homeowners for their aesthetic appeal and ease of installation. Comparatively, it is cheap than other flooring options, and homeowners find it really attractive. Parquet adds warmth, elegance, and charm to living rooms, bedrooms, kitchens, and hallways. The ever-increasing trend of renovating and remodeling homes and offices increases the demand for floating parquet floors in commercial spaces.

• Commercial: Floating parquet flooring is becoming popular in commercial areas like offices, retail stores, and hospitality to provide durability, low maintenance, and versatility. Businesses are opting for floating parquet floors to create stylish professional environments. Parquet floors also contribute to a more sustainable and environmentally friendly space, which is aligned with the growing demand for green building practices in commercial real estate.

• Public and Institutional Spaces: Public institutions, such as schools, hospitals, and governmental buildings, are adopting floating parquet floors because of their durability, ease in installation, and low maintenance requirement. Such spaces often call for durable flooring that withstands high foot traffic. Floating parquet floors will meet these needs while delivering a sophisticated look. Because of their versatility in both design and performance, these floors are ideal for institutional use.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions. 

Driving Factors

"Rising Demand for Home Renovation and Remodeling to Boost the Market"

There is a noticeable boost in the Floating Parquet floor Market growth. The increasing home improvement and renovation trend is one of the major growth drivers for the Floating Parquet Floor Market. In the quest for upgrading their living spaces, home owners seek solutions that are durable, aesthetically pleasing, and easy to install. Due to its variety of designs, ease of installation, and affordability, floating parquet floors are becoming popular for residential renovation projects. This trend is supported by the rising number of DIY enthusiasts, as the installation method of floating installations is user-friendly and less likely to require professional assistance.

"Preference for Sustainable and Eco-friendly Flooring to Expand the Market"

Consumers are becoming more environmentally conscious and turning to eco-friendly flooring products. For instance, floating parquet floors made from sustainably sourced materials, certified wood or recycled resources are in greater demand. There is now a growing response from manufacturers to satisfy the rising demand for green building standards, reaching out to the eco-conscious customer. Thus, this move goes well with the call for green construction and sustainable interior designs, which increase the popularity of floating parquet floors even further.

Restraining Factor

"Raw Material Price Volatility to Potentially Impede Market Growth"

One of the biggest difficulties in the Floating Parquet Floor Market is the volatility of raw material prices, primarily wood. The price of timber and other materials to produce parquet flooring is susceptible to global supply chain interruptions, environmental policies, and market forces. This volatility can result in higher production costs, and this may be transferred to consumers. As a result, high material costs may hinder the market growth, especially in the price-sensitive segments.

Opportunity

"Technological innovations in flooring To Create Opportunity For The Product In The Market"

The integration of technology into flooring solutions is a rapidly growing trend that offers a great opportunity to the Floating Parquet Floor Market. Innovations, such as smart floors with integrated sensors, temperature control features, and advanced coatings for improved durability, are gaining attention. These technological advancements can enhance the performance of floating parquet floors and offer more value to consumers, thereby creating new opportunities for market expansion. Companies embracing these innovations will be able to gain an edge in the market.

Challenge

"Competition from Alternative Flooring Solutions Could Be A Potential Challenge For Consumers"

The market faces intense competition from alternative flooring options, such as laminate, vinyl, and ceramic tiles, which offer similar aesthetic appeal at lower costs. Laminate and vinyl flooring, in particular, are seen as cost-effective alternatives to wood-based parquet flooring, offering ease of maintenance and installation. This competition can be a challenge in itself for the floating parquet floor market, especially within those price-sensitive markets or market segments where budget-friendly flooring is preferred. There has to be innovation to get the unique benefits of floating parquet sold more.

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FLOATING PARQUET FLOOR MARKET REGIONAL INSIGHTS

North America

The North America region has a growing United States Floating Parquet floor Market. The United States and Canada lead the North American market for floating parquet floors. The region is characterized by a strong construction and real estate sector, especially in residential and commercial spaces, where the demand for home improvement and remodeling is high. The popularity of DIY home renovation projects further boosts the demand for floating parquet flooring, as the ease of installation is an appealing factor. Additionally, the increased interest in green construction and green materials fuels the adoption of eco-friendly flooring solutions, such as floating parquet.

Europe

Europe is another significant region for the floating parquet floor market, with countries such as Germany, France, and the United Kingdom dominating the demand. The tradition of using high-quality wood flooring among European consumers has been long-standing, and the interest in easy-to-install and sustainable flooring solutions has fueled the shift towards floating parquet floors. The demand is also driven by the region's strong commitment to eco-friendly construction, where more consumers opt for certified sustainable wood products. The versatility and aesthetic appeal of parquet flooring continue to make it a top choice in residential and commercial spaces across Europe.

Asia-Pacific

The Asia-Pacific region, especially China, Japan, and India, is seeing rapid growth in the floating parquet floor market. The region's expanding urbanization, rising disposable incomes, and growing interest in modern interior design are driving demand for stylish, durable, and easy-to-maintain flooring solutions. With more middle-class households investing in home improvement, the floating parquet floors have gained popularity, given its affordability and aesthetic appeal. The real estate development and construction projects, particularly in countries like China and India, are another driver for market growth in this region.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

The key players in the Floating Parquet Floor Market are manufacturers, distributors, and suppliers who majorly focus on providing an extensive range of flooring solutions. These industry leaders engage in the development, production, and distribution of floating parquet floors for the residential and commercial sectors. They are known for quality, innovation, and customer satisfaction. Most of these players will focus on sustainability, using certified wood sources or recycled materials for their products as the demand for environmentally friendly products grows.

Apart from traditional wood parquet, companies also offer engineered wood and luxury vinyl parquet flooring, which are gaining popularity due to their durability and ease of maintenance. Technological advancements in flooring solutions, such as improved locking mechanisms and advanced finishes, are also being incorporated by these players to meet the evolving demands of the market.

List Of Top Floating Parquet floor Market Companies

• Mohawk Industries (U.S.)
• Armstrong Flooring (U.S.)
• Tarkett (France)
• Kährs Group (Sweden)
• Gerflor (France)
• Beaulieu International Group (Belgium)
• Forbo Flooring Systems (Switzerland)
• Faus Group (Spain)
• IKEA (Sweden)
• BerryAlloc (Belgium)

KEY INDUSTRY DEVELOPMENT

June 2021: A major manufacturer in the Floating Parquet Floor Market, in June 2021, launched a new range of sustainable parquet flooring intended specifically for the eco-conscious buyer. This new range comes as flooring made from 100% recycled wood fibers produced using water-based adhesives and low-VOC finishes. This move is a consequence of growing demand for eco-friendly and sustainable products in the flooring industry, a representation of the brand's pursuit of sustainability. This launch is reflective of a trend in offering environmentally responsible flooring solutions in response to consumer demand for products that minimize environmental impact.

October 2022, a leading flooring company launched a new smart parquet flooring product that combines temperature control and moisture-sensing sensors in the design. The technology enables homeowners to track and regulate the indoor climate through a connected app, ensuring energy efficiency and comfort. The product was a success in North America and Europe, where smart home solutions have been gaining popularity.

REPORT COVERAGE    

The report on the Floating Parquet Floor Market provides in-depth market trends, growth factors, and challenges. All the findings are valuable insights into stakeholders' interests in flooring industry. It reports current market size, growth possibility, and forecasted market trends in North America, Europe, and Asia-Pacific regions. This report analyzes market type such as engineered wood parquet flooring and solid wood parquet flooring, and identifies crucial applications in residential, commercial, and public places.

The report explores key drivers such as growing demand for ecological flooring and an increase in house renovation projects, besides challenges such as volatility in raw material costs and competition from other substitute flooring products. It mentions growth opportunities such as in-built smart technology in floor solutions and the rising pattern of customization that suits changing consumer tastes.