Top 10: Modular Construction Companies

Modular construction is transforming the building industry, as developers seek methods to reduce costs and improve sustainability.

The approach – which involves manufacturing building components in factories before transportation to construction sites – helps ease pressure on housing affordability and construction timelines.

Factory-based production can cut build times by 50%, allowing faster return on investment for developers and reduced financing costs. Labour requirements decrease through automation and controlled environments, contributing to cost reductions of up to 20% compared to traditional construction.

From an environmental perspective, modular methods result in less waste, reduced vehicle movements and lower carbon emissions. Factory settings enable materials recycling and precision manufacturing which minimise off-cuts and excess ordering.

Sweden leads the way in modular adoption, with 84% of residential construction using prefabricated elements. Japan follows, with a mature modular industry focused on housing. Singapore has used prefabrication for public housing projects since 2014, while the UK government has set targets to increase modular methods.

The following are some of the leading modular construction companies.

10 Dexterra

Country: Canada
Market Cap: $428mn

Dexterra, a Canadian company, has evolved its modular building offerings through its Horizon North division. The firm employs a standardised manufacturing process for modular units, reducing construction time and costs. Dexterra's modular solutions have been used in workforce accommodation and social housing projects. The company is expanding its modular capabilities to serve diverse sectors, including healthcare and education

09 Fleetwood 

Country: Australia
Market Cap: $530mn 
Fleetwood has transformed from a caravan parts manufacturer to a leader in modular construction. The firm utilises FRAMECAD technology for design and manufacturing, enhancing accuracy and efficiency. 

Its modular solutions have been used in education, social housing and remote accommodation projects. The company's Legacy Living Lab, constructed from reused materials, serves as a research facility for sustainable building practices. 

The company continues to expand its modular construction capabilities, recently acquiring Modular Building Systems for $34.15 million.

08 Horizon North 

Country: Canada
Market Cap: $890mn 
Horizon North has transformed its operations from trailer manufacturing to modular construction. The firm has optimised its processes to suit permanent buildings, utilising advanced CAD systems and automated production lines. Its  modular solutions are used in student housing, senior living, and affordable housing projects across Canada. 

The company is expanding its modular capabilities to serve diverse sectors, including healthcare and education, while focusing on multi-storey projects

07 Cavco Industries 

Country: US
Market Cap: $1.1bn
Cavco Industries has expanded its modular building offerings beyond manufactured homes. The firm has developed advanced production techniques for prefabricated components, streamlining the construction process. 

Cavco's modular solutions have been used in residential developments and commercial projects across the United States. The company is investing in automation and robotics to further enhance its manufacturing capabilities.

06 Katerra 

Country: US
Market Cap: $1.2bn
Katerra has developed a vertically integrated approach to modular construction. The firm uses Building Information Modelling (BIM) and proprietary software to optimise design and manufacturing processes. Its modular components have been used in multi-family housing and commercial projects. 

The company is focusing on expanding its product range and improving its supply chain management5.

05 Modulaire Group

Market Cap: $1.75bn
Country: UK
Modulaire Group has developed a range of modular building solutions for various sectors. The firm uses advanced CAD systems and automated production lines to manufacture modular units. 

Its products have been used in education, healthcare, and construction site accommodation projects across Europe. The company is expanding its rental fleet and exploring new markets for modular buildings.

04 Clayton Homes

Market Cap: $2.9bn
Country: US
US-based Clayton Homes has expanded its modular construction capabilities beyond manufactured homes. The firm has invested in off-site manufacturing facilities and developed proprietary building systems. Clayton's modular solutions have been used in single-family and multifamily housing projects. The company is focusing on increasing its production capacity and improving energy efficiency in its modular units.  

03 Lendlease Corporation 

Market Cap: $6.7bn
Country: Australia 
Lendlease Corporation has integrated modular construction into its property development operations. The firm has established its own modular manufacturing facilities and developed digital design tools for prefabrication. Its modular components have been used in residential and commercial projects globally. The company is expanding its modular capabilities to support large-scale urban regeneration projects

02 Bouygues Construction 

Country: France
Market Cap: $13.5bn
French company Bouygues Construction has firmly established modular building techniques into its construction offerings. The firm has developed its own modular systems and utilises 3D printing for certain components. 

Bouygues' modular solutions have been employed in social housing and hotel projects. The company is investing in research and development to enhance its modular construction capabilities.

01 Skanska

Country: Sweden
Market Cap: $17bn
Swedish construction giant Skanska has integrated modular construction methods into its project delivery. The firm has developed standardised modular components and utilises virtual reality for design optimisation. 

Skanska's modular solutions have been used in healthcare and commercial office projects. The company is expanding its use of modular construction across its global operations.