Industrial Machinery Manufacturers NAICS 3332
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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
Jan 30, 2026 - Growing Ransomware Threat
- Ransomware’s surge to record levels poses escalating operational and financial risk for manufacturers, the sector most heavily targeted in 2025, according to a new report from the GuidePoint Research and Intelligence Team (GRIT). With manufacturing accounting for 14% of all attacks, the GRIT report signals that manufacturers, often running legacy systems, complex OT networks, and highly automated plants, are now prime targets for increasingly fragmented and aggressive ransomware groups like Qilin. The 58% year‑over‑year jump in victims and the record 2,287 attacks in Q4 2025 alone mean manufacturers face higher probabilities of production shutdowns, data theft, and costly recovery periods. For companies in today’s hostile environment, cybersecurity must be a core operational priority: Stronger vulnerability management, real‑time threat intelligence, and investment in secure‑by‑design machinery and plant systems are essential to avoid disruptions and protect customer trust in 2026, per GRIT.
- The complex web of tariffs imposed by the Trump administration has infiltrated most segments of the US manufacturing technology supply chain, impacting everything from pricing and sourcing to investment timelines, a recent Association For Manufacturing Technology’s (AMT) survey of 80 manufacturing technology executives found. Reciprocal tariffs, Section 301 tariffs, 50% levies on steel and aluminum, and a pending Section 232 investigation of robotics and industrial machinery imports have added layers of complexity to pricing, sourcing, and production planning for US manufacturers across most of the supply chain, per AMT. The survey found 91% of respondents reported increased landed costs (the total cost of getting a product from the factory to a customer’s door) due to tariffs; 85% raised customer prices to offset those costs; and 85% experienced margin compression on imported machinery or components. Notably, only 9% of those surveyed reported switching suppliers.
- 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.
- Producer prices for industrial machinery manufacturers rose 3.7% in November compared to a year ago, after rising 3.8% in the previous November-versus-November annual comparison, according to the latest US Bureau of Labor Statistics data. Industry producer prices are at record highs amid rising input costs driven by tariffs and labor costs. Employment by the industry shrank 1.1% year over year in November, while average wages at industrial machinery manufacturers climbed 7.7% over the same period to a new high of $33.15 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
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