The Global Steel Modular Construction Material Market was valued at USD 68.5 Billion in 2025 and is projected to reach USD 112.8 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period (2024–2034). This growth is being driven by the urgent need for faster, more sustainable construction solutions, the global affordable housing crisis, and significant advancements in off-site manufacturing technologies.

As the construction industry pivots towards efficiency and sustainability, the role of advanced building materials becomes paramount. In this blog, we profile the Top 10 Companies in the Steel Modular Construction Material Industry—a mix of global construction giants, specialized modular manufacturers, and innovative material suppliers shaping the future of how we build.

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🔟 1. ATCO Group

Headquarters: Calgary, Alberta, Canada
Key Offering: Complete modular building solutions, structural steel frames, integrated wall and floor systems

ATCO Group is a global leader in modular construction, providing innovative steel-based solutions for residential, commercial, and industrial applications worldwide. Their Frontec and ATCO Structures divisions are renowned for delivering complex projects in remote and challenging environments.

Innovation Initiatives:

• Pioneering volumetric modular construction for multi-story buildings

• Advanced BIM integration for precision manufacturing

• Focus on sustainable and energy-efficient modular designs

Download FREE Sample Report: Steel Modular Construction Material Market – View in Detailed Research Report

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9️⃣ 2. Algeco

Headquarters: Paris, France
Key Offering: Relocatable and permanent modular buildings, steel-framed modules, turnkey solutions

Algeco operates across Europe, North America, and Asia, offering a wide range of steel modular solutions for education, healthcare, and commercial sectors. The company emphasizes quality, speed of deployment, and flexibility in its offerings.

Innovation Initiatives:

• Development of smart modular buildings with integrated IoT systems

• Expansion of permanent modular construction capabilities

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8️⃣ 3. Red Sea International

Headquarters: Riyadh, Saudi Arabia
Key Offering: Modular construction services for industrial and infrastructure projects

Red Sea International is a key player in the Middle East, specializing in large-scale modular construction projects. The company leverages steel’s durability to create resilient structures suited for the region’s harsh climate and rapid development needs.

Innovation Initiatives:

• Focus on modular solutions for oil & gas and industrial sectors

• Investment in local manufacturing facilities to serve GCC markets

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7️⃣ 4. Skanska

Headquarters: Stockholm, Sweden
Key Offering: Commercial modular construction, green building solutions, project management

Skanska, a global construction and development giant, is a major adopter of steel modular techniques for commercial projects. The company integrates modular methods into its commitment to sustainable and carbon-efficient building practices.

Innovation Initiatives:

• Leadership in green building certifications for modular projects

• Use of lean construction principles to optimize modular workflows

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6️⃣ 5. Guerdon Enterprises

Headquarters: Boise, Idaho, USA
Key Offering: Large-scale volumetric modular construction for multi-family housing and hotels

Guerdon Enterprises is one of the largest modular construction companies in the United States, specializing in steel-framed buildings for the residential and hospitality sectors. Their large-scale manufacturing facilities enable rapid production of high-quality modules.

Innovation Initiatives:

• Advanced manufacturing processes for consistent quality control

• Focus on reducing on-site construction time by up to 50%

Download FREE Sample Report: Steel Modular Construction Material Market – View in Detailed Research Report

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5️⃣ 6. Champion Homes

Headquarters: Troy, Michigan, USA
Key Offering: Manufactured and modular homes, steel chassis systems, residential building components

Champion Homes is a leading manufacturer of modular and manufactured housing in North America. The company utilizes steel framing for durability and precision, catering to the affordable housing market with efficient, factory-built solutions.

Innovation Initiatives:

• Development of energy-efficient modular home designs

• Expansion into multi-family and commercial modular construction

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4️⃣ 7. Clayton Homes

Headquarters: Maryville, Tennessee, USA
Key Offering: Factory-built homes, modular construction systems, building materials

As part of Berkshire Hathaway, Clayton Homes is a powerhouse in the manufactured and modular housing industry. The company’s investment in steel modular construction technologies supports its mission to provide quality, affordable housing.

Innovation Initiatives:

• Integration of smart home technology in modular units

• Continuous improvement in factory efficiency and material utilization

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3️⃣ 8. Laing O’Rourke

Headquarters: Dartford, United Kingdom
Key Offering: Design for Manufacture and Assembly (DfMA), off-site construction, engineering services

Laing O’Rourke is a leading international engineering and construction company with a strong focus on modern methods of construction. The company champions the use of steel modular components to improve safety, quality, and project delivery times.

Innovation Initiatives:

• Pioneering DfMA principles in major infrastructure projects

• Investment in its own advanced manufacturing facility for modular components

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2️⃣ 9. NRB Inc.

Headquarters: Grimsby, Ontario, Canada
Key Offering: Permanent modular buildings, volumetric solutions, construction services

NRB Inc. is a leader in Canada’s modular construction industry, delivering a wide range of steel-framed buildings for healthcare, education, and multi-residential applications. The company is known for its high-quality finishes and rapid project turnaround.

Innovation Initiatives:

• Development of high-performance building envelopes for modular structures

• Focus on sustainable construction practices and materials

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1️⃣ 10. Katerra

Headquarters: Menlo Park, California, USA (Operations acquired/continued by others)
Key Offering: End-to-end construction services, cross-laminated timber (CLT) with steel systems, modular components

Although Katerra underwent significant restructuring, its innovative approach to integrating technology with off-site construction left a lasting impact on the industry. The company’s model demonstrated the potential for tech-driven modular construction at scale.

Innovation Initiatives (Legacy):

• Vertical integration of design, manufacturing, and construction

• Pioneering use of data and technology to optimize modular production

Get Full Report Here: Steel Modular Construction Material Market – View in Detailed Research Report

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🏗️ Outlook: The Future of Construction Is Modular and Efficient

The steel modular construction material market is undergoing a fundamental transformation. While traditional construction still dominates, the industry is rapidly adopting off-site manufacturing, digital design tools, and sustainable material practices to meet the demands of the 21st century.

📈 Key Trends Shaping the Market:

• Rising adoption of Building Information Modeling (BIM) for modular design

• Government mandates and incentives for off-site construction to address housing shortages

• Integration of robotics and automation in modular factories

• Growing focus on circular economy principles and material recyclability

Get Full Report Here: Steel Modular Construction Material Market – View in Detailed Research Report

The companies listed above are not only building structures—they’re constructing the future of the built environment.