Industrial Machinery Manufacturers NAICS 3332
Unlock access to the full platform with more than 900 industry reports and local economic insights.
Get access to this Industry Profile including 18+ chapters and more than 50 pages of industry research.
Industry Summary
The 2,700 industrial machinery manufacturers in the US produce the machines required to make other products. These can range from simple mechanical modules that perform a single function to complex computer-controlled machines that perform multiple processing functions. Key customer markets are woodworking, metals, plastics, paper, textiles, bookbinding, printing, food, and semiconductor production.
Pressure to Innovate
Manufacturing processes are becoming increasingly automated and computer-driven.
Dependence On Exports
Exports account for nearly two-thirds of US industrial machinery manufacturers’ revenue and create additional risks for manufacturers.
Recent Developments
Sep 30, 2025 - US to Investigate Industrial Machinery Imports
- The Commerce Department in September initiated an investigation to determine the effects on national security of imports of robotics and industrial machinery, according to the Federal Register. The probe, opened under Section 232 of the Trade Expansion Act, will examine the national security implications of imports of a wide array of industrial equipment, including robots and programmable, computer-controlled mechanical systems, turning and milling machines, grinding and deburring equipment, and industrial stamping and pressing machines. Other items included are automatic tool changers, jigs and fixtures, and machine tools for cutting and welding. The investigation could result in tariffs on imports of such equipment. The department is seeking information on domestic production and demand, the role and risks of major foreign exporters, and the impact of foreign government subsidies and trade practices on the robotics and industrial machinery markets.
- A bipartisan group in Congress has introduced legislation that would boost manufacturing by small US firms, Barron’s reported in May. The Made in America Manufacturing Finance Act supports the Trump administration’s efforts to revive US manufacturing and create jobs. The bill would raise the $5 million cap on Small Business Administration 7(a) and 504 loans to $10 million, but only for manufacturers. (The current $5 million limit hasn’t changed since 2010.) The 7(a) program offers flexible financing for working capital, equipment, and real estate, while the 504 program is typically used for fixed assets like land and large machinery. The 7(a) loan program, which guarantees loans issued by banks and nonbank lenders, has long been a cornerstone of small business financing. Lenders broadly support the bill, but would like to see it applied to all small business loans, according to Forbes.
- The Trump administration’s on-again, off-again tariff strategy is sending ripples through industrial manufacturing, significantly impacting production costs, supply chains, and overall competitiveness in the machinery and industrial equipment sector, Manufacturing.Net reports. The implementation of an additional 10% tariff on Chinese imports, suspension of de minimis exemptions for Chinese shipments, and newly announced (and since delayed) 25% tariffs on goods from Mexico and Canada, are causing confusion and requiring manufacturers to quickly adapt to mitigate potential cost spikes and avoid supply disruptions. The higher costs for imported components and raw materials is particularly acute in industrial manufacturing, where steel, aluminum, machinery parts, and electronic components are key production inputs. The 25% tariffs on steel and aluminum imports are increasing the cost of industrial machinery, construction equipment, and transportation infrastructure, saddling US manufacturers of heavy machinery with higher input costs for essential materials, according to Manufacturing.Net.
- Producer prices for industrial machinery manufacturers rose 2.2% in August compared to a year ago, after rising 3.5% in the previous August-versus-August annual comparison, according to the latest US Bureau of Labor Statistics data. Industry producer prices reached all-time highs this summer as manufacturers’ input costs rose. Employment by the industry inched up 0.4% year over year in July, while average wages at industrial machinery manufacturers climbed 7.5% over the same period to a new high of $32.26 per hour, BLS data show. New orders and shipments of industrial machinery rose sharply in July, up 18.4% and 17.1% YoY, respectively, per Census Bureau data.
Industry Revenue
Industrial Machinery Manufacturers
Industry Structure
Industry size & Structure
The average industrial machinery manufacturer has 49 employees and produces about $15.7 million in annual revenue.
- About 2,700 companies employ 133,000 workers and generate $42.6 billion in annual revenue.
- 63% of firms have fewer than 20 employees.
- About 145 facilities are very large, employing 500 or more workers.
- Large companies include Siemens AG, ABB, Honeywell, Ingersoll Rand, and Lam Research Corp.
Industry Forecast
Industry Forecast
Industrial Machinery Manufacturers Industry Growth
Vertical IQ Industry Report
For anyone actively digging deeper into a specific industry.
50+ pages of timely industry insights
18+ chapters
PDF delivered to your inbox
