Parquet Market to Grow at 5.5% CAGR by 2030 Driven by Increasing Demand for Luxury Flooring Solutions and Sustainable Building Practices

Parquet Market to Grow at 5.5% CAGR by 2030 Driven by Increasing Demand for Luxury Flooring Solutions and Sustainable Building Practices

IndexBox, Inc.

IndexBox, Inc.

NEW YORK, March 13, 2023 (Globe NEWSWIRE) — IndexBox, a foremost market place analysis business, has produced a new report on the international parquet market place. The report, available for obtain on the IndexBox web-site at world-parquet-panels-of-wood-for-mosaic-flooring-marketplace-investigation-forecast-dimension-trends-and-insights/ , offers a in-depth analysis of the sector, together with trial entry to sector info on the system.

The report offers a current market forecast until 2030, with a predicted CAGR of 5.5%. The development is principally attributed to the expanding demand from customers for luxurious flooring options, rising demand from customers for eco-pleasant and sustainable flooring solutions, and expanding urbanization and development routines in producing nations.

The report identifies numerous essential advancement drivers for the marketplace, these types of as the availability of diverse colors and styles, a climbing quantity of making projects, and the popularity of premium picket flooring. However, the report also highlights numerous troubles that the market place faces, like significant set up and maintenance fees and the availability of cheaper substitutes.

Elements affecting need include altering customer choices and life, climbing disposable income, and the level of popularity of Do-it-yourself dwelling improvement jobs. The report presents an overview of the big consuming industries, such as the residential, industrial, and industrial sectors, and how they influence the field.

Big Consuming Industries:

  • The residential sector is the greatest finish-person of parquet, accounting for 64% of global consumption.

  • The industrial sector is also a substantial buyer of parquet, pushed by the raising popularity of wood flooring in workplaces, inns, and retail suppliers.

  • The industrial sector is a smaller consumer of parquet, but is predicted to mature owing to the increasing use of parquet in warehouses and factories.

Europe is the most significant sector for parquet, accounting for 47% of international consumption. The Asia Pacific location is expected to have considerable expansion potential clients, pushed by the growing development routines in international locations like China and India.

The report also presents a checklist of the five most significant makers in the world wide parquet industry, together with Barlinek SA, Boa-Franc Inc., Boral Limited, Kährs Holding AB, and Tarkett S.A.

Aleksandr Romanenko, CEO of IndexBox, said, “Our newest report on the world parquet sector presents beneficial insights into the sector, together with vital advancement motorists, problems, and big consuming industries. It is an essential software for corporations seeking to make informed selections about their organization approach.”

Search phrases: world wide parquet market place, current market forecast, growth motorists, challenges, consuming industries

Call: For media inquiries or to order the report, call Mekhrona Dzhuraeva, Editor, at [email protected].