This is a general statement and could be untrue for some specific cases though I don't think manufacturers make DACs wider than the original source simply to get your money.
For external DACs, supporting a higher bit depth allows them to accept higher resolution streams (if you have access to these).
For the internal DACs of DVD players like this, it's likely just because that is what's available at the moment. Most new DAC designs (even inexpensive ones) accept high resolution streams (such as 192kHz/24-bit in this DVD player) to support newer formats (such as BDs), and manufacturers can often use those DACs at virtually no extra cost. Mass-production devices are designed around chips that are in enough supply, and it makes sense for makers to rely on components that would continue to be around throughout the product's production run. That said, having that 192kHz/24-bit specification there doesn't necessarily make it better than a similar DVD player using a DAC limited to 48kHz/16-bit, since it does not automatically correlate to an improvement in output quality/performance (this DVD player only utilizes streams upto that resolution anyway).
In short, having that spec in there doesn't tell you what the device does with that specification. A car with tires that can handle 300kph does not necessarily mean that the car can go 300kph. And another car fitted with tires rated upto 240kph may actually outperform what would otherwise look as a "better-equipped" car. To find out, you either have to dig deeper into the specifications... or better yet, test-drive the car.