United States Wood Engineered Floors (Parquet) Market 2031 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

Global Wood Engineered Floors (Parquet) Market reached US$ 50.8 billion in 2022 and is expected to reach US$ 78.3 billion by 2031, growing with a CAGR of 5.6% during the forecast period 2024-2031.

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Key Development:

United States: Recent Engineered/Wood Flooring Developments

✅ In December 2025, Engineered Floors shared updated inspiration and trends content for its PureGrain® High‐Def and hard surface lines, reinforcing its portfolio's positioning for premium interiors and engaging residential and commercial design communities.

✅ In December 2025, Engineered Floors shared new inspiration and style content featuring its flooring solutions and trends on its official platform, highlighting innovative flooring looks and applications for modern interiors.

✅ In November 2025, Engineered Floors published expanded lifestyle and installation inspiration content emphasizing wide‐plank engineered wood and hard surface solutions, supporting dealer networks and customer planning ahead of the high‐season buying period.

✅ In November 2025, Engineered Floors continued rolling out seasonal design and style content showcasing hard surface and wood‐look flooring innovations, reinforcing product relevance and engagement with the design and architecture sector.

✅ In November 2025, Engineered Floors published seasonal design‐focused content showing creative ways to match engineered wood and hard surface floors with lifestyle trends, reinforcing its product relevance in contemporary spaces.

✅ In October 2025, U.S. imports of multilayer engineered wood flooring fell more than 27 % in volume through early 2025 compared with the prior year, reflecting shifting supply dynamics and potential strategic shifts in sourcing and domestic production planning.

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Japan: Recent Engineered/Wood Flooring & Wood Material Developments

✅ In October 2025, Haseko Corporation began construction of a ¥5 billion factory in Nara Prefecture to produce HS Wood, a new engineered wood material from cedar strands, with full-scale production planned to support larger structural and flooring uses.

✅ In October 2025, Haseko's HS Wood initiative advanced Japan's engineered wood supply chain by enabling the use of small-diameter and curved cedar logs, promoting sustainable local forestry and engineered applications in floors and interiors.

✅ In late 2025, Japan's broader move toward high‐tech engineered wood solutions involved the development of moisture‐resistant veneer panels and precision manufacturing processes that enhance flooring durability and performance for residential and commercial projects.

✅ In late 2025, Japanese engineered wood and flooring markets focused increasingly on eco‐friendly, sustainable engineered wood products, supported by domestic forestry initiatives and green building programs.

Key Players:

=> Weitzer Parkett Vertriebs GmbH, Shaw Industries Group, Inc., EGGER, Tarkett, SWISS KRONO Group, Bjelin Sweden AB, BARLINEK SA, Q.E.P. Co., Inc, BAUWERK GROUP SCHWEIZ AG and Hamberger Industriewerke GmbH.

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Key Segments:

By Type

Solid wood flooring holds 32% share, driven by premium residential installations and demand for long-lasting natural materials. Parquet wood flooring accounts for 18%, supported by luxury interior trends and decorative geometric patterns. Laminated wood flooring captures 28%, fueled by affordability, durability, and widespread use in both homes and commercial spaces. Wood-effect vinyl flooring represents 17%, driven by waterproof, scratch-resistant, and low-maintenance preferences. Other wood flooring types collectively contribute 5%, including engineered hybrids and specialty eco-wood formats.

By Material

Oak leads with 35%, driven by versatility, durability, and dominance in premium flooring projects. Maple holds 15%, supported by its smooth grain patterns and suitability for modern interiors. Walnut accounts for 12%, favored for luxury spaces requiring rich, dark aesthetics. Cherry represents 10%, driven by demand for warm-toned flooring in upscale residential applications. Ebony holds 5%, supported by high-end niche demand. Bamboo captures 12%, fueled by sustainability trends and rapid adoption in eco-friendly construction. Teak accounts for 8%, largely used in luxury homes and commercial interiors due to its moisture resistance. Others represent 3%, including mahogany, hickory, and custom exotic woods.

By End-User

Residential applications dominate with 60%, driven by renovations, new housing development, and rising preference for aesthetic wood-based interiors. Commercial applications hold 40%, supported by usage in retail, hospitality, corporate offices, and premium public spaces requiring durable yet visually appealing flooring solutions.

By Region

North America - 32%
Driven by high renovation spending, premium wood adoption, and demand for engineered and laminated flooring in the U.S. and Canada.

Europe - 27%
Supported by strong sustainable wood consumption, stringent quality standards, and rising parquet installations across Germany, U.K., France, Italy, and Nordics.

Asia Pacific - 28%
Fueled by rapid urbanization, expanding construction activities, rising middle-class spending, and the popularity of laminated & vinyl wood-effect flooring in China, India, Japan, and Southeast Asia.

Latin America - 5%
Driven by increasing residential renovations and growing acceptance of cost-effective laminated wood flooring, especially in Brazil and Mexico.

Middle East & Africa - 8%
Supported by luxury building projects, hospitality sector growth, and rising adoption of moisture-resistant wood and vinyl flooring across GCC countries and South Africa.

FAQ

What is the current size of the Wood Engineered Floors (Parquet) Market?

A: In 2022, the Wood Engineered Floors (Parquet) Market was valued at US$ 50.8 billion, reflecting its strong industry presence.

Q2: How large is the Wood Engineered Floors (Parquet) Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Wood Engineered Floors (Parquet) Market will grow to around US$ 78.3 billion , demonstrating significant expansion.

Q3: What is the growth rate of the Wood Engineered Floors (Parquet) Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2024 to 2031.

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