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Global Multi-layer Parquet Market Analysis 2018-2029, by Manufacturers, Regions, Countries, Types, Applications and Forecast
Global Multi-layer Parquet Market Analysis 2018-2029, by Manufacturers, Regions, Countries, Types, Applications and Forecast

Pages: 144       Published Date: Jul 13 2023       Category: Other       Report ID: HJR649409
Multi-layer parquet, also known as engineered wood flooring, is a type of flooring that consists of multiple layers of different types of wood. The top layer, also called the wear layer, is made from solid hardwood, while the lower layers are typically made from plywood or high-density fiberboard (HDF).

The use of multi-layer parquet has gained widespread popularity due to its combination of aesthetic appeal, durability, and cost-effectiveness. It offers the natural beauty and warmth of solid hardwood flooring while being more resistant to moisture and temperature fluctuations. This makes it suitable for a wide range of applications, including residential, commercial, and other settings.

In recent years, the global multi-layer parquet market has witnessed significant growth. According to a report by HJResearch, the market size is projected to reach US$2174.1 million by 2022, with a compound annual growth rate of 5.76%. This growth can be attributed to several factors.

First, the rising global population and increasing urbanization have driven the demand for housing and commercial spaces. Multi-layer parquet, with its attractive appearance and durability, has become a preferred choice for flooring in these settings. Additionally, the growing focus on eco-friendly and sustainable construction materials has further boosted the demand for multi-layer parquet, as it is often made from responsibly sourced wood and uses fewer natural resources compared to solid hardwood flooring.

Furthermore, advancements in technology and manufacturing processes have led to the development of high-quality multi-layer parquet products. Manufacturers such as Par-ky, Armstrong, ADLER PARKETT, and Mannington have invested in research and development to improve the durability, stability, and aesthetic appeal of their flooring offerings. This has resulted in a wider range of design options, including a variety of wood species, textures, and finishes, catering to different customer preferences.

Geographically, the market for multi-layer parquet is witnessing significant growth across various regions. Europe, North America, and Asia Pacific are the leading markets, driven by the high demand for residential and commercial construction projects. Manufacturers such as Kährs Group, Bauwerk Boen AG, and Mohawk have established a strong presence in these regions, contributing to their market share.

Looking ahead, the prospects for the multi-layer parquet industry are promising. The projected growth in the global market indicates the increasing preference for this type of flooring among consumers worldwide. Additionally, the ongoing focus on sustainable construction practices and the introduction of innovative designs and technologies are expected to further fuel the market growth.

As the multi-layer parquet industry continues to expand, manufacturers and suppliers need to stay attuned to evolving consumer preferences and market trends. By offering a diverse range of high-quality products and investing in research and development, they can capitalize on the growth opportunities and maintain a competitive edge in the global market.

The SWOT analysis of the Multi-layer Parquet industry is as follows:

Strengths:
1. Growing demand: The multi-layer parquet industry is experiencing a surge in demand due to its aesthetic appeal, durability, and ease of installation.
2. Innovation: Companies in the industry continuously invest in research and development to improve product quality, introduce new designs, and offer customizable options.
3. Sustainability: Multi-layer parquet is considered an environmentally friendly flooring option, as it is often made from renewable materials and produced using sustainable manufacturing processes.
4. Wide market reach: Multi-layer parquet is popular in both residential and commercial sectors, providing companies in the industry with a broad customer base.
5. Strong distribution networks: Many companies in the industry have established robust distribution networks, enabling them to reach customers worldwide efficiently.

Weaknesses:
1. Price sensitivity: Multi-layer parquet can be perceived as expensive compared to some alternative flooring options, making it less accessible to price-sensitive customers.
2. Limited options for customization: While customizable options are available, the range of designs, colors, and finishes may be limited compared to other flooring types, such as ceramic tiles or vinyl.
3. Dependence on raw materials: The industry relies heavily on the availability and affordability of raw materials, such as wood, which can be subject to fluctuations in price and supply.

Opportunities:
1. Emerging markets: The increasing urbanization and construction activities in emerging markets present significant growth opportunities for the multi-layer parquet industry.
2. Rising awareness of sustainability: The growing interest in eco-friendly products provides an opportunity for companies in the industry to position themselves as sustainable flooring providers.
3. Advancements in technology: Technological advancements, such as improved manufacturing processes and the use of digital tools, can help companies enhance their production efficiency and offer innovative designs.

Threats:
1. Market competition: The multi-layer parquet industry faces competition from other flooring options, such as laminate, vinyl, and hardwood, which may offer similar benefits at lower prices.
2. Economic fluctuations: Economic downturns can impact consumer spending on home improvement projects, potentially reducing the demand for multi-layer parquet.
3. Regulatory challenges: Changes in regulations related to the sourcing of raw materials or environmental standards can create challenges and additional costs for companies in the industry.

Key players in global Multi-layer Parquet market include:
Par-ky
Armstrong
ADLER PARKETT
Mannington
Di Legno
Ligna Drvo
Mohawk
Beaulieu
Tarkett
Bauwerk Boen AG
Moysun Woods
Kährs Group
Drvoproizvod
Labeco bvba
Baltic Wood
Maples
Itlas
JinQiao
Jinlong
Yihua
Anxin
Shiyou
Shengxiang

Market segmentation, by product types:
Glued
Floating

Market segmentation, by applications:
Residential
Commercial
Others

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