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Abstract:Industry 4.0, integrating smart manufacturing, digital manufacturing, smart logistics, and
industrial automation, has emerged as a core paradigm for industry leaders and scholars
advancing sustainable development. This study develops a theoretical model to decode
the key drivers influencing enterprises’ intentions to invest in smart manufacturing. The
model was empirically analyzed using data from an online survey of 188 R&D and project
development professionals from manufacturing and high-tech enterprises in Taiwan. The
findings unveil critical insights into sustainable investment strategies for Industry 4.0,
offering practical guidance for policymakers, industry stakeholders, and researchers,
while paving the way for the future evolution of smart manufacturing.
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