The American Precision Museum Machine Tool Hall of Fame provides permanent recognition for those who have made significant contributions to the American machine tool industry, starting in 1765.

The Hall of Fame project was a joint effort of the American Precision Museum and the The Association for Manufacturing Technology. AMT represents and promotes U.S.-based manufacturing technology and its members—those who design, build, sell, and service the continuously evolving technology that lies at the heart of manufacturing. Founded in 1902 and based in Virginia, the association specializes in providing targeted business assistance, extensive global support, and business intelligence systems and analysis. AMT is the voice that communicates the importance of policies and programs that encourage research and innovation, and the development of educational initiatives to create tomorrow’s Smartforce. AMT owns and manages IMTS — The International Manufacturing Technology Show, which is the premier manufacturing technology event in North America.

The Machine Tool Hall of Fame project began in 1982 and forty seven members have now been elected, including the four inductees in 2004. As a Hall of Fame partner, AMT provided services that supported the selection of new honorees. Nominees were judged for their inventions, their innovative use of others' inventions, or their leadership of a machine oriented group. In its early years the Hall of Fame exhibit was on display at the museum but is now more accessible from the web.