The American Precision Museum Machine Tool Hall of Fame provides a permanent recognition for those who have made significant contributions to the American machine tool industry, from 1765 to the present. The Machine Tool Hall of Fame is a joint project of the American Precision Museum and the Association for Manufacturing Technology (AMT).

Founded in 1902, AMT represents and promotes the interests of American providers of manufacturing machinery and equipment. Its goal is to promote technological advancements and improvements in the design, manufacture and sale of members'products in those markets and act as an industry advocate on trade matters to governments and trade organizations throughout the world. Since 1988, AMT has broadened its membership scope to include all of the elements of manufacturing 'design, handling, machining, forming, assembly, inspection and testing, and communications and control. These changes reflect the worldwide evolution in the technologies of the manufacturing process and signify the commitment of U.S. providers to deliver and support the world's leading manufacturing technologies.

As a Hall of Fame partner, AMT provides services that support the selection of new honorees. Nominees are judged for their inventions, their innovative use of others' inventions, or their leadership of a machine oriented group.

Forty seven members have now been elected, including the four newest inductees in 2004.