332912

Analysis

NAICS 332912 is the 2022 national industry for fluid power valve and hose fitting manufacturing, part of 33291 (Metal Valve Manufacturing). Census lists 17 example activities under it in the official index.

County Business Patterns counts 331 US establishments in this code in 2023, employing 31,136 people at an average annual payroll of $75,412 per employee (63rd percentile of national industries). 22% of the establishments have fewer than five employees, which points to larger operations.

Census lists 5 related activities that belong elsewhere, most often in 333995, 333996, 336310 and 332911. Businesses that do several things are classified by their primary activity, the one that generates the most value, so check those boundaries before settling on this code.

Its index entries, the activities Census uses to assign businesses to this code, include control valves, fluid power, manufacturing, electrohydraulic servo valves, fluid power, manufacturing, fluid power aircraft subassemblies manufacturing and fluid power hose assemblies manufacturing, among 17 in all.

Its goods appear in 13 statistical lines of the US tariff schedule, mostly under headings 8481 (taps, cocks, valves and similar appliances, for pipes…). That link is how import data is matched to domestic producers, for example in trade-remedy cases.

Between 2018 and 2023 the number of establishments fell 7% and employment fell 13%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.