Key Insights
The global used car financing market is projected for substantial growth, anticipated to reach $47.9 billion by 2033, with a Compound Annual Growth Rate (CAGR) of 2.41%. This expansion is driven by the increasing affordability of pre-owned vehicles compared to new cars, making financing more accessible. Evolving consumer preferences, influenced by economic considerations and environmental awareness, are further fueling demand. A diverse landscape of financing solutions from OEMs, banks, and NBFCs caters to a wide range of customer needs and risk profiles. The market is segmented by vehicle type (hatchback, sedan, SUV, MPV) and financier, with significant growth opportunities identified across North America, Europe, and Asia-Pacific, particularly in emerging economies.
Used Car Financing Market Market Size (In Billion)
Despite positive growth trajectories, the market faces challenges. Stringent lending regulations and credit assessment processes can impede growth, especially for individuals with lower credit scores. Fluctuations in interest rates and economic downturns also present potential risks. Intense competition necessitates innovative strategies and competitive pricing. The rise of fintech and digital lending platforms offers new avenues but requires robust cybersecurity and data privacy compliance. To address these challenges, financiers are increasingly utilizing data analytics and AI-powered credit scoring for enhanced risk assessment and personalized financing solutions, improving customer service and minimizing losses.
Used Car Financing Market Company Market Share
Global Used Car Financing Market Analysis: Projections and Trends (2025-2033)
This comprehensive report offers deep insights into the global used car financing market from 2025 to 2033. It meticulously analyzes market dynamics, key stakeholders, and future growth potential, with a specific focus on the base year 2025. Leveraging extensive data, the report forecasts market size and growth, segmented by vehicle type (Hatchback, Sedan, SUV, MPV) and financier (OEM, Banks, NBFCs). Acquire this report to gain a strategic advantage in the market.
Used Car Financing Market Structure & Innovation Trends
This section analyzes the competitive landscape of the used car financing market, encompassing market concentration, innovation drivers, regulatory frameworks, product substitutes, end-user demographics, and M&A activities. The market is characterized by a mix of large multinational banks and specialized finance companies. Market share is highly fragmented, with the top 5 players holding an estimated xx% combined market share in 2025.
- Market Concentration: Highly fragmented, with no single dominant player. The top 10 players account for approximately xx% of the market.
- Innovation Drivers: Technological advancements in online lending platforms, fintech solutions for credit scoring and risk assessment, and evolving consumer preferences are key innovation drivers.
- Regulatory Frameworks: Vary significantly across regions, impacting lending practices and consumer protection.
- Product Substitutes: Peer-to-peer lending platforms and alternative financing options pose a competitive threat.
- End-User Demographics: The primary demographic comprises individuals aged 25-55 with diverse income levels and credit profiles.
- M&A Activities: Significant M&A activity has been observed in recent years, with deal values exceeding $xx Million in 2024 alone. These activities are driven by the desire to expand market reach and product offerings.
Used Car Financing Market Dynamics & Trends
This section delves into the key market dynamics and trends influencing the growth of the used car financing market. The market is experiencing robust growth, driven by factors like the rising demand for used cars, favorable financing options, and the increasing penetration of online platforms. The Compound Annual Growth Rate (CAGR) is projected to be xx% during the forecast period (2025-2033). Market penetration is expected to reach xx% by 2033.
The report also examines the impact of technological disruptions, such as the rise of fintech companies and digital lending platforms, on market dynamics. Consumer preferences are shifting towards online financing options and flexible repayment plans. Competitive dynamics are characterized by intense competition among traditional banks, OEM financing arms, and emerging fintech players.
Dominant Regions & Segments in Used Car Financing Market
This section highlights the leading regions and segments within the used car financing market. While specific market share data varies by region and financier type, significant growth is anticipated across all segments.
- By Car Type: SUVs are projected to dominate the market due to their versatility and increasing popularity. Sedans and Hatchbacks will maintain a significant share, while the MPV segment is expected to show steady growth.
- By Financier: Banks currently hold the largest market share, followed by OEMs and NBFCs. NBFCs are expected to exhibit significant growth fueled by their agility and flexible product offerings.
Key Drivers of Regional Dominance: Developed economies with strong financial infrastructure and robust used car markets will continue to lead. Emerging markets are projected to show significant growth potential, driven by increasing vehicle ownership and supportive government policies.
Used Car Financing Market Product Innovations
The used car financing market is witnessing significant product innovation, primarily driven by technological advancements. Fintech companies are developing sophisticated algorithms for credit scoring and risk assessment, enabling faster and more efficient loan processing. Personalized loan offers, tailored to individual customer needs and credit profiles, are becoming increasingly prevalent. These innovations are enhancing customer experience and expanding market access.
Report Scope & Segmentation Analysis
This report provides a comprehensive analysis of the used car financing market, segmented by car type (Hatchback, Sedan, Sports Utility Vehicle, Multi-purpose Vehicle) and financier (OEM, Banks, Non-Banking Financial Company). Each segment's growth projections, market sizes, and competitive dynamics are analyzed in detail. For example, the SUV segment is projected to achieve a CAGR of xx% due to the segment's increasing popularity. The Bank segment holds the largest market share due to their established networks and financial capacity.
Key Drivers of Used Car Financing Market Growth
Several factors drive the growth of the used car financing market. Increased affordability of used cars compared to new vehicles is a major factor. The availability of various financing options, including low-interest loans and flexible repayment plans, boosts accessibility. Government policies supporting the used car market, including tax incentives and subsidies, further drive market expansion. Technological advancements, such as online lending platforms, streamline the financing process, enhancing convenience and efficiency.
Challenges in the Used Car Financing Market Sector
The used car financing market faces several challenges. Fluctuating interest rates can impact borrowing costs and affect consumer demand. The risk of loan defaults due to economic downturns poses a significant challenge to lenders. Competition from various financial institutions, including traditional banks, NBFCs, and fintech companies, creates a highly competitive environment. Stringent regulatory compliance requirements add complexity to the lending process.
Emerging Opportunities in Used Car Financing Market
Several emerging opportunities are poised to shape the future of the used car financing market. The rise of online used car marketplaces presents significant opportunities for lenders to reach wider customer bases. The adoption of innovative technologies, such as blockchain for secure transaction processing, offers efficiency gains. Expansion into underserved markets and the development of innovative financing products tailored to specific customer segments are key areas for growth.
Leading Players in the Used Car Financing Market Market
- Australia and New Zealand Banking Group Limited
- Ally Financial
- Changan Auto Finance Co Ltd
- The Bank of China
- BMW Financing Services Ltd
- Ford Motor Credit Company
- JPMorgan Chase & Co
- The Bank of America Corporation
- HSBC Holdings PLC
- Standard Bank Group Ltd
- Toyota Motor Corporation
- BYD Auto Finance Company Limited
Key Developments in Used Car Financing Market Industry
- December 2021: Online used car company, Car24, partnered with Bajaj Finance Ltd for used car financing, expanding access to credit.
- May 2022: CarTrade Tech partnered with Cholamandalam Investment and Finance Co to offer used car financing, leveraging its platform's reach.
Future Outlook for Used Car Financing Market Market
The used car financing market is poised for sustained growth, driven by the increasing affordability of used vehicles, technological innovations, and supportive government policies. The expansion of online lending platforms and the development of innovative financing products will further fuel market expansion. Strategic partnerships and collaborations among financial institutions and technology providers will play a crucial role in shaping the future of the market. The market is expected to witness strong growth, particularly in emerging markets, driven by rising demand and favorable economic conditions.
Used Car Financing Market Segmentation
-
1. Car Type
- 1.1. Hatchback
- 1.2. Sedan
- 1.3. Sports Utility Vehicle
- 1.4. Multi-purpose Vehicle
-
2. Financier
- 2.1. OEM
- 2.2. Banks
- 2.3. Non-Banking Financial Company
Used Car Financing Market Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
- 1.4. Rest of North America
-
2. Europe
- 2.1. Germany
- 2.2. United Kingdom
- 2.3. France
- 2.4. Russia
- 2.5. Spain
- 2.6. Rest of Europe
-
3. Asia Pacific
- 3.1. India
- 3.2. China
- 3.3. Japan
- 3.4. South Korea
- 3.5. Rest of Asia Pacific
-
4. Rest of the World
- 4.1. Brazil
- 4.2. Argentina
- 4.3. United Arab Emirates
- 4.4. Saudi Arabia
- 4.5. Other Countries
Used Car Financing Market Regional Market Share
Geographic Coverage of Used Car Financing Market
Used Car Financing Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 2.41% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Adoption of 2-wheelers across the Globe
- 3.3. Market Restrains
- 3.3.1. Rise in demand of Electric Vehicles
- 3.4. Market Trends
- 3.4.1. OEM Based Financing to Provide Momentum
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Used Car Financing Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Car Type
- 5.1.1. Hatchback
- 5.1.2. Sedan
- 5.1.3. Sports Utility Vehicle
- 5.1.4. Multi-purpose Vehicle
- 5.2. Market Analysis, Insights and Forecast - by Financier
- 5.2.1. OEM
- 5.2.2. Banks
- 5.2.3. Non-Banking Financial Company
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Rest of the World
- 5.1. Market Analysis, Insights and Forecast - by Car Type
- 6. North America Used Car Financing Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Car Type
- 6.1.1. Hatchback
- 6.1.2. Sedan
- 6.1.3. Sports Utility Vehicle
- 6.1.4. Multi-purpose Vehicle
- 6.2. Market Analysis, Insights and Forecast - by Financier
- 6.2.1. OEM
- 6.2.2. Banks
- 6.2.3. Non-Banking Financial Company
- 6.1. Market Analysis, Insights and Forecast - by Car Type
- 7. Europe Used Car Financing Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Car Type
- 7.1.1. Hatchback
- 7.1.2. Sedan
- 7.1.3. Sports Utility Vehicle
- 7.1.4. Multi-purpose Vehicle
- 7.2. Market Analysis, Insights and Forecast - by Financier
- 7.2.1. OEM
- 7.2.2. Banks
- 7.2.3. Non-Banking Financial Company
- 7.1. Market Analysis, Insights and Forecast - by Car Type
- 8. Asia Pacific Used Car Financing Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Car Type
- 8.1.1. Hatchback
- 8.1.2. Sedan
- 8.1.3. Sports Utility Vehicle
- 8.1.4. Multi-purpose Vehicle
- 8.2. Market Analysis, Insights and Forecast - by Financier
- 8.2.1. OEM
- 8.2.2. Banks
- 8.2.3. Non-Banking Financial Company
- 8.1. Market Analysis, Insights and Forecast - by Car Type
- 9. Rest of the World Used Car Financing Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Car Type
- 9.1.1. Hatchback
- 9.1.2. Sedan
- 9.1.3. Sports Utility Vehicle
- 9.1.4. Multi-purpose Vehicle
- 9.2. Market Analysis, Insights and Forecast - by Financier
- 9.2.1. OEM
- 9.2.2. Banks
- 9.2.3. Non-Banking Financial Company
- 9.1. Market Analysis, Insights and Forecast - by Car Type
- 10. Competitive Analysis
- 10.1. Global Market Share Analysis 2025
- 10.2. Company Profiles
- 10.2.1 Australia and New Zealand Banking Group Limited
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Ally Financial
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 Changan Auto Finance Co Ltd
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 The Bank of China
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 BMW Financing Services Ltd
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 Ford Motor Credit Company
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 JPMorgan Chase & Co
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 The Bank of America Corporation
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 HSBC Holdings PLC
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.10 Standard Bank Group Ltd
- 10.2.10.1. Overview
- 10.2.10.2. Products
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Financials (Based on Availability)
- 10.2.11 Toyota Motor Corporation
- 10.2.11.1. Overview
- 10.2.11.2. Products
- 10.2.11.3. SWOT Analysis
- 10.2.11.4. Recent Developments
- 10.2.11.5. Financials (Based on Availability)
- 10.2.12 BYD Auto Finance Company Limited
- 10.2.12.1. Overview
- 10.2.12.2. Products
- 10.2.12.3. SWOT Analysis
- 10.2.12.4. Recent Developments
- 10.2.12.5. Financials (Based on Availability)
- 10.2.1 Australia and New Zealand Banking Group Limited
List of Figures
- Figure 1: Global Used Car Financing Market Revenue Breakdown (billion, %) by Region 2025 & 2033
- Figure 2: North America Used Car Financing Market Revenue (billion), by Car Type 2025 & 2033
- Figure 3: North America Used Car Financing Market Revenue Share (%), by Car Type 2025 & 2033
- Figure 4: North America Used Car Financing Market Revenue (billion), by Financier 2025 & 2033
- Figure 5: North America Used Car Financing Market Revenue Share (%), by Financier 2025 & 2033
- Figure 6: North America Used Car Financing Market Revenue (billion), by Country 2025 & 2033
- Figure 7: North America Used Car Financing Market Revenue Share (%), by Country 2025 & 2033
- Figure 8: Europe Used Car Financing Market Revenue (billion), by Car Type 2025 & 2033
- Figure 9: Europe Used Car Financing Market Revenue Share (%), by Car Type 2025 & 2033
- Figure 10: Europe Used Car Financing Market Revenue (billion), by Financier 2025 & 2033
- Figure 11: Europe Used Car Financing Market Revenue Share (%), by Financier 2025 & 2033
- Figure 12: Europe Used Car Financing Market Revenue (billion), by Country 2025 & 2033
- Figure 13: Europe Used Car Financing Market Revenue Share (%), by Country 2025 & 2033
- Figure 14: Asia Pacific Used Car Financing Market Revenue (billion), by Car Type 2025 & 2033
- Figure 15: Asia Pacific Used Car Financing Market Revenue Share (%), by Car Type 2025 & 2033
- Figure 16: Asia Pacific Used Car Financing Market Revenue (billion), by Financier 2025 & 2033
- Figure 17: Asia Pacific Used Car Financing Market Revenue Share (%), by Financier 2025 & 2033
- Figure 18: Asia Pacific Used Car Financing Market Revenue (billion), by Country 2025 & 2033
- Figure 19: Asia Pacific Used Car Financing Market Revenue Share (%), by Country 2025 & 2033
- Figure 20: Rest of the World Used Car Financing Market Revenue (billion), by Car Type 2025 & 2033
- Figure 21: Rest of the World Used Car Financing Market Revenue Share (%), by Car Type 2025 & 2033
- Figure 22: Rest of the World Used Car Financing Market Revenue (billion), by Financier 2025 & 2033
- Figure 23: Rest of the World Used Car Financing Market Revenue Share (%), by Financier 2025 & 2033
- Figure 24: Rest of the World Used Car Financing Market Revenue (billion), by Country 2025 & 2033
- Figure 25: Rest of the World Used Car Financing Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Used Car Financing Market Revenue billion Forecast, by Car Type 2020 & 2033
- Table 2: Global Used Car Financing Market Revenue billion Forecast, by Financier 2020 & 2033
- Table 3: Global Used Car Financing Market Revenue billion Forecast, by Region 2020 & 2033
- Table 4: Global Used Car Financing Market Revenue billion Forecast, by Car Type 2020 & 2033
- Table 5: Global Used Car Financing Market Revenue billion Forecast, by Financier 2020 & 2033
- Table 6: Global Used Car Financing Market Revenue billion Forecast, by Country 2020 & 2033
- Table 7: United States Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 8: Canada Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 9: Mexico Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 10: Rest of North America Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 11: Global Used Car Financing Market Revenue billion Forecast, by Car Type 2020 & 2033
- Table 12: Global Used Car Financing Market Revenue billion Forecast, by Financier 2020 & 2033
- Table 13: Global Used Car Financing Market Revenue billion Forecast, by Country 2020 & 2033
- Table 14: Germany Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 15: United Kingdom Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 16: France Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 17: Russia Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 18: Spain Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 19: Rest of Europe Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 20: Global Used Car Financing Market Revenue billion Forecast, by Car Type 2020 & 2033
- Table 21: Global Used Car Financing Market Revenue billion Forecast, by Financier 2020 & 2033
- Table 22: Global Used Car Financing Market Revenue billion Forecast, by Country 2020 & 2033
- Table 23: India Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 24: China Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 25: Japan Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 26: South Korea Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 27: Rest of Asia Pacific Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 28: Global Used Car Financing Market Revenue billion Forecast, by Car Type 2020 & 2033
- Table 29: Global Used Car Financing Market Revenue billion Forecast, by Financier 2020 & 2033
- Table 30: Global Used Car Financing Market Revenue billion Forecast, by Country 2020 & 2033
- Table 31: Brazil Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 32: Argentina Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 33: United Arab Emirates Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 34: Saudi Arabia Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 35: Other Countries Used Car Financing Market Revenue (billion) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Used Car Financing Market?
The projected CAGR is approximately 2.41%.
2. Which companies are prominent players in the Used Car Financing Market?
Key companies in the market include Australia and New Zealand Banking Group Limited, Ally Financial, Changan Auto Finance Co Ltd, The Bank of China, BMW Financing Services Ltd, Ford Motor Credit Company, JPMorgan Chase & Co, The Bank of America Corporation, HSBC Holdings PLC, Standard Bank Group Ltd, Toyota Motor Corporation, BYD Auto Finance Company Limited.
3. What are the main segments of the Used Car Financing Market?
The market segments include Car Type, Financier.
4. Can you provide details about the market size?
The market size is estimated to be USD 47.9 billion as of 2022.
5. What are some drivers contributing to market growth?
Increasing Adoption of 2-wheelers across the Globe.
6. What are the notable trends driving market growth?
OEM Based Financing to Provide Momentum.
7. Are there any restraints impacting market growth?
Rise in demand of Electric Vehicles.
8. Can you provide examples of recent developments in the market?
May 2022: CarTrade Tech, which is a platform that offers consumers to sell and buy automobiles, entered a partnership with Cholamandalam Investment and Finance Coto in order to offer finance for used cars.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Used Car Financing Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Used Car Financing Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Used Car Financing Market?
To stay informed about further developments, trends, and reports in the Used Car Financing Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence