NAICS 333298 - All Other Industrial Machinery Manufacturing
This U.S. industry comprises establishments primarily engaged in manufacturing industrial machinery (except agricultural and farm-type, construction and mining machinery, sawmill and woodworking machinery, plastics and rubber making machinery, paper and paperboard making machinery, textile machinery, printing machinery and equipment, food manufacturing-type machinery, and semiconductor making machinery).
Industry trends:
The NAICS 333298, All Other Industrial Machinery Manufacturing, is currently experiencing several notable qualitative trends. One significant trend is the increasing adoption of automation and robotics to enhance efficiency and precision in manufacturing processes. This shift aims to reduce human error, improve production speeds, and decrease operational costs.
Another emerging trend is the emphasis on sustainability and green manufacturing practices. Companies in this sector are investing in energy-efficient machinery and processes to meet rising environmental regulations and consumer demand for eco-friendly products. This includes the development of machinery that supports recycling and waste reduction efforts.
The integration of Industrial Internet of Things (IIoT) technologies is also gaining momentum. IIoT enables real-time monitoring and data analysis, leading to smarter decision-making and predictive maintenance, thus minimizing downtime and improving productivity.
Looking into the near future, the demand for custom and flexible manufacturing solutions is expected to grow. As businesses seek to tailor products to specific customer needs, machinery that can be easily reconfigured or customized will become increasingly valuable.
Moreover, as supply chain disruptions have highlighted vulnerabilities, there's a growing focus on localized manufacturing capabilities. This trend is likely to lead to investments in machinery that supports more agile and resilient production close to the end markets.
In summary, automation, sustainability, IIoT, customization, and localized manufacturing are key qualitative trends shaping the NAICS 333298 industry, with continued growth and innovation expected in these areas.
This industry is comprised of:
Anodizing equipment manufacturing
Boot making and repairing machinery manufacturing
Buttonhole and eyelet machinery manufacturing
Cement kilns manufacturing
Chemical kilns manufacturing
Chemical processing machinery and equipment manufacturing
Chip placement machinery manufacturing
Cigarette making machinery manufacturing
Circuit board making machinery manufacturing
Clayworking and tempering machinery manufacturing
Concrete products forming machinery manufacturing
Distilling equipment (except beverage), including laboratory-type, manufacturing
Drying kilns, lumber, manufacturing
Electron tube machinery manufacturing
Electroplating machinery and equipment manufacturing
Fermentation equipment, chemical, manufacturing
Footwear making or repairing machinery manufacturing
Fractionating equipment, chemical, manufacturing
Gas liquefying machinery manufacturing
Gemstone processing machinery manufacturing
Glass making machinery (e.g., blowing, forming, molding) manufacturing
Kilns (i.e., cement, chemical, wood) manufacturing
Leather working machinery manufacturing
Light bulb and tube (i.e., electric lamp) machinery manufacturing
Metal casting machinery and equipment manufacturing
Optical lens making and grinding machinery manufacturing
Petroleum refining machinery manufacturing
Rectifying equipment, chemical, manufacturing
Sewing machines (including household-type) manufacturing
Shoe making and repairing machinery manufacturing
Sieves and screening equipment, chemical preparation-type, manufacturing
Stone working machinery manufacturing
Tannery machinery manufacturing
Through-hole machinery, printed circuit board loading, manufacturing
Tile making machinery (except kilns) manufacturing
Tobacco processing machinery (except farm-type) manufacturing
Wire and cable insulating machinery manufacturing
Wood drying kilns manufacturing
Zipper making machinery manufacturing
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.