Empirical Analysis of Influence of Furniture Manufacturing Servitization on Industry Performance Based on Big Data

Abstract

In the era of big data, the furniture manufacturing industry takes digitization and intelligence as its core, and its servitization degree is constantly improving. In this paper, based on input-output table data from major manufacturing countries throughout the world in the period 2000-2014, this study empirically analyzes the impact of servitization on the industrial performance and productivity of the furniture manufacturing industry and finds that servitization level of the global furniture industry is about 20%, showing small growth in the sample period. Developed countries are in the leading position in the process of servitization strategy, and the servitization level among countries is gradually converging. Furniture manufacturing industry does not show a servitization dilemma, and servitization has a positive impact on industry performance and total factor productivity.