ABSTRACT Digital twin technology is crucial in breaking through the bottleneck of integrating the physical and information worlds in the manufacturing industry. However, manufacturing enterprises lack sufficient economic motivation and subjective willingness to adopt due to concerns about technological challenges and cost inputs. To elucidate the mechanisms that influence the adoption of digital twin technology, this study establishes an evolutionary game model from a stakeholder perspective, dynamically analyzes the strategy selection and system stability conditions of each participant and conducts numerical simulations. The findings reveal that the adoption process of digital twin technology in manufacturing enterprises occurs in phases. The coefficient of product attribute enhancement emerges as a key factor in promoting adoption. Government financial and consumption subsidies further encourage the adoption of digital twin technology and enhance customer preference for twin products and derivative services. The customer digital collaboration coefficient and demand matching coefficient significantly affect customers’ perceived utility benefits, which in turn influence manufacturing enterprises’ decisions to adopt digital twin technology by converting them into spillover benefits. Finally, this study provides targeted recommendations to various stakeholders to further promote the adoption of digital twin technology.
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