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.

NEW YORK, March 13, 2023 (Globe NEWSWIRE) — IndexBox, a major market analysis business, has unveiled a new report on the global parquet current market. The report, accessible for acquire on the IndexBox website at , provides a specific examination of the current market, which include demo access to industry facts on the platform.

The report gives a market place forecast till 2030, with a predicted CAGR of 5.5%. The development is principally attributed to the increasing need for luxurious flooring remedies, rising desire for eco-pleasant and sustainable flooring alternatives, and growing urbanization and development actions in developing nations around the world.

The report identifies numerous important growth motorists for the market place, this sort of as the availability of distinct colors and designs, a mounting variety of constructing jobs, and the acceptance of high quality picket flooring. Nevertheless, the report also highlights a number of problems that the industry faces, like substantial set up and servicing expenditures and the availability of much less expensive substitutes.

Aspects affecting demand include transforming shopper preferences and existence, growing disposable profits, and the recognition of Do it yourself house advancement initiatives. The report delivers an overview of the important consuming industries, which includes the household, business, and industrial sectors, and how they affect the industry.

Major Consuming Industries:

  • The residential sector is the greatest conclude-consumer of parquet, accounting for 64% of world usage.

  • The industrial sector is also a considerable client of parquet, pushed by the expanding popularity of picket flooring in places of work, hotels, and retail retailers.

  • The industrial sector is a smaller consumer of parquet, but is envisioned to grow thanks to the increasing use of parquet in warehouses and factories.

Europe is the greatest industry for parquet, accounting for 47% of world intake. The Asia Pacific region is anticipated to have important expansion prospects, driven by the increasing development pursuits in countries like China and India.

The report also offers a list of the 5 biggest manufacturers in the worldwide parquet marketplace, which includes 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-wide parquet industry delivers precious insights into the industry, which includes crucial expansion motorists, difficulties, and important consuming industries. It is an crucial resource for firms wanting to make informed choices about their company strategy.”

Key phrases: worldwide parquet marketplace, marketplace forecast, advancement motorists, worries, consuming industries

Make contact with: For media inquiries or to obtain the report, call Mekhrona Dzhuraeva, Editor, at [email protected]