Market Overview:
The global rigid core flooring market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for luxury vinyl flooring and wood flooring. Rigid core luxury vinyl flooring is witnessing high demand due to its durability, low maintenance, and aesthetic appeal. Additionally, the growing construction industry is also fueling the growth of the global rigid core flooring market.
Product Definition:
Rigid Core Flooring is a type of flooring that is made up of multiple layers of materials. The top layer is usually a wood or laminate and the bottom layer is usually a vinyl. The middle layer, which makes the flooring rigid, can be made up of different materials such as plastic or metal. Rigid Core Flooring is important because it provides extra stability and durability for homes with children or pets.
Rigid Core Luxury Vinyl Flooring:
Rigid core luxury vinyl flooring is a type of rigid core flooring, which has the ability to be installed on any type of subfloor. It offers high durability and resistance to water, oil and stain. The product is available in various colors and patterns thus can complement the interior as well as exterior architecture of any building structure.
Rigid Core Wood Flooring:
Rigid core wood flooring is manufactured using solid wood and plywood. The product has high durability, strength, and rigidity which makes it suitable for use in high traffic areas such as commercial buildings, schools, colleges and hospitals. Rigid core products are available in various grades including oak, maple or engineered which can be customized according to the application requirements.
Application Insights:
The commercial application segment held the largest share of more than 70.0% in 2017. The growth can be attributed to the rising construction activities of shopping malls and offices around the world. A large number of retailers are preferring open-air shopping complexes owing to increased consumer spending capacity, which is likely to augment the demand for rigid core flooring in commercial applications over the forecast period.
Rising importance on aesthetics while designing office spaces is expected to drive demand for decorative as well as functional vinyl floorings with designs that suit each particular office space requirement over next seven years. In addition, growing preference towards cost-efficient solutions while replacing hardwood floors with luxury vinyl alternatives will further propel market growth during this period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing construction of new commercial and residential buildings in countries, such as China, India, Japan, Indonesia and Malaysia. In addition, rising disposable income coupled with a growing population will drive demand for housing which is likely to have a positive impact on market growth.
The Asia Pacific was followed by Europe wherein Germany accounted for more than 25% of the regional revenue share in 2017 owing to high product penetration rate coupled with stringent building regulations pertaining to flooring materials used in constructions projects. North America also had a significant revenue share owing to high adoption rate of advanced flooring solutions across U.S.
Growth Factors:
- Increasing demand from the construction industry for flooring that is both durable and stylish
- Rigid core flooring's resistance to moisture and damage, which makes it a popular choice for high-traffic areas
- The variety of colors and textures available in rigid core flooring options
- The increasing popularity of luxury vinyl tile (LVT) as a flooring option, as LVT can be made to look like wood or stone but is more durable than either material
- Advances in manufacturing technology that have led to the development of new and innovative rigid core flooring products
Scope Of The Report
Report Attributes
Report Details
Report Title
Rigid Core Flooring Market Research Report
By Type
Rigid Core Luxury Vinyl Flooring, Rigid Core Wood Flooring
By Application
Residential, Commercial
By Companies
Armstrong, Tarkett, Mohawk, Mannington Mills, Congoleum, Gerflor, Forbo, Shaw Floors, Metroflor, Karndean, Armstrong, LG Hausys, Milliken, NOX Corporation, Novalis, Polyflor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Rigid Core Flooring Market Report Segments:
The global Rigid Core Flooring market is segmented on the basis of:
Types
Rigid Core Luxury Vinyl Flooring, Rigid Core Wood Flooring
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Armstrong
- Tarkett
- Mohawk
- Mannington Mills
- Congoleum
- Gerflor
- Forbo
- Shaw Floors
- Metroflor
- Karndean
- Armstrong
- LG Hausys
- Milliken
- NOX Corporation
- Novalis
- Polyflor
Highlights of The Rigid Core Flooring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rigid Core Luxury Vinyl Flooring
- Rigid Core Wood Flooring
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rigid Core Flooring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rigid core flooring is a type of flooring made from a series of interconnected metal or plastic tubes. These tubes are often coated in a hard, durable material to protect them from damage and make them resistant to moisture. This type of flooring is often used in areas where heavy traffic or moisture exposure is likely, such as kitchens and bathrooms.
Some of the major players in the rigid core flooring market are Armstrong, Tarkett, Mohawk, Mannington Mills, Congoleum, Gerflor, Forbo, Shaw Floors, Metroflor, Karndean, Armstrong, LG Hausys, Milliken, NOX Corporation, Novalis, Polyflor.
The rigid core flooring market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rigid Core Flooring Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Rigid Core Flooring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rigid Core Flooring Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Rigid Core Flooring Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Rigid Core Flooring Market Size & Forecast, 2018-2028
4.5.1 Rigid Core Flooring Market Size and Y-o-Y Growth
4.5.2 Rigid Core Flooring Market Absolute $ Opportunity
Chapter 5 Global Rigid Core Flooring Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Rigid Core Flooring Market Size Forecast by Type
5.2.1 Rigid Core Luxury Vinyl Flooring
5.2.2 Rigid Core Wood Flooring
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Rigid Core Flooring Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Rigid Core Flooring Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rigid Core Flooring Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Rigid Core Flooring Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Rigid Core Flooring Analysis and Forecast
9.1 Introduction
9.2 North America Rigid Core Flooring Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Rigid Core Flooring Market Size Forecast by Type
9.6.1 Rigid Core Luxury Vinyl Flooring
9.6.2 Rigid Core Wood Flooring
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Rigid Core Flooring Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Rigid Core Flooring Analysis and Forecast
10.1 Introduction
10.2 Europe Rigid Core Flooring Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Rigid Core Flooring Market Size Forecast by Type
10.6.1 Rigid Core Luxury Vinyl Flooring
10.6.2 Rigid Core Wood Flooring
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Rigid Core Flooring Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Rigid Core Flooring Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Rigid Core Flooring Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Rigid Core Flooring Market Size Forecast by Type
11.6.1 Rigid Core Luxury Vinyl Flooring
11.6.2 Rigid Core Wood Flooring
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Rigid Core Flooring Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Rigid Core Flooring Analysis and Forecast
12.1 Introduction
12.2 Latin America Rigid Core Flooring Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Rigid Core Flooring Market Size Forecast by Type
12.6.1 Rigid Core Luxury Vinyl Flooring
12.6.2 Rigid Core Wood Flooring
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Rigid Core Flooring Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Rigid Core Flooring Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Rigid Core Flooring Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Rigid Core Flooring Market Size Forecast by Type
13.6.1 Rigid Core Luxury Vinyl Flooring
13.6.2 Rigid Core Wood Flooring
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Rigid Core Flooring Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Rigid Core Flooring Market: Competitive Dashboard
14.2 Global Rigid Core Flooring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Armstrong
14.3.2 Tarkett
14.3.3 Mohawk
14.3.4 Mannington Mills
14.3.5 Congoleum
14.3.6 Gerflor
14.3.7 Forbo
14.3.8 Shaw Floors
14.3.9 Metroflor
14.3.10 Karndean
14.3.11 Armstrong
14.3.12 LG Hausys
14.3.13 Milliken
14.3.14 NOX Corporation
14.3.15 Novalis
14.3.16 Polyflor
