: the percentage of the market for a product or service that a company supplies
Example Sentences
The company has gained market share in the past year. companies working to increase their market shares
Recent Examples on the WebIn some cities, places like Seattle, many cities in Florida, where there’s a heavy concentration of elderly people, then SCI has a much greater percentage of the market share. Carson Kessler, ProPublica, 12 Sep. 2022 But Universal is No. 1 in market share because of a varied slate of films and its sheer volume of releases, including Focus Features titles. Pamela Mcclintock, The Hollywood Reporter, 4 Sep. 2022 Those that fail to adopt microservices, on the other hand, could soon find their IT infrastructure is struggling to keep up with customer demands, leading to lost market share. Ofir Tahor, Forbes, 12 July 2022 Burt Flickinger, the managing director of retail consulting firm Strategic Resource Group, said the chains lost market share during the four months because customers found new places to shop. Phillip Molnar, San Diego Union-Tribune, 23 Mar. 2022 Wine lost market share to spirits, taking a nosedive into the negative for sales growth at liquor and retail stores, restaurant and bars, while spirits growth increased from 2020. Jess Lander, San Francisco Chronicle, 19 Jan. 2022 Women’s colleges lost market share after a large number of colleges and universities dominated by men began to admit women in the 1960s and ’70s.Washington Post, 9 Dec. 2021 In addition to providing extra capacity, the two new plants will feature cutting-edge technology and help bolster a domestic chip industry that has lost market share to foreign competitors. Russ Wiles, The Arizona Republic, 25 Sep. 2021 The property was looking a bit more frayed in recent years, though, and lost market share to a series of new competitors that sprung up nearby. Don Stacom, courant.com, 20 July 2021 See More
Word History
First Known Use
1918, in the meaning defined above
Legal Definition
market share
noun
: the percentage of the market for a product or service that a company supplies