Hi everyone, I saw in many cases that some persons take into account the growth rate when doing market sizing (see below the example).
I think it really makes sense to consider that :
the Volume of a product sold = # products being replaced + # products being purchased for the first time
But in the majority of cases, we only consider the products being replaced. Does that mean that we make an assumption that the growth rate is negligeable ?
Thank you so much
(editiert)
Hi Ian, thank you for your answer. I think I didn't ask correctly the question. When we do a market sizing based on replacement concept, we only take into account the people who replace their product (for instance a mobile phone). What about those who buy that product for the first time?