Depends on the context - if your Wardrobe Mistress says "we need to buy an industrial..." then yes, chances are she means a sewing machine or other fabric/garment processing piece.
If a carpenter says "how about an industrial...?" it could mean all sorts of things - one of my best friends is a shop carpenter, and when I brought the term up with him, he gave me a loooong list of possibilities.
If you looked at an earlier post regarding interviewing for industrials - in that post, I used the term to mean a large conference/trade show event.
Hope this clears things more than it muddies the waters - I'm in tech, and have been knocking back industrial-strength coffee for breakfast!
Meg