The production of assembled parquet floors in Italy has displayed a dynamic trend over the past decade. Starting from 147.14 million euros in 2013, the industry saw an uptrend until 2015, followed by slight fluctuations. Notably, from 2019 onwards, the industry experienced a significant increase, especially in 2020, almost doubling to 328.28 million euros. This level has been maintained with minor variations up to 2023, where it stood at 331.63 million euros.
Year-on-year analysis highlights substantial growth in 2020 with an 86.31% increase, followed by stability and minor fluctuations till 2023. The five-year compounded annual growth rate (CAGR) stands at 11.04% in 2023, expected to slow to an average annual growth rate of 0.79% moving forward.
Future trends to watch for include the potential impacts of sustainability demands, technological advancements, and evolving customer preferences towards eco-friendly and innovative flooring solutions. The projected moderate growth suggests a market experiencing consolidation with cautious optimism, likely influenced by economic conditions and environmental regulations.
Overall, the forecasted value in 2028 stands at 348.45 million euros, reflecting a gradual but steady increase over the next five years, with a forecasted five-year CAGR of 0.79% and an overall growth rate of 4% from 2024 to 2028.
