Quick Definition

Market share refers to the percentage of an industry's total sales that is earned by a particular company over a specific time period.

Examples

• 1Apple's dominance in the smartphone market with a significant market share compared to competitors like Samsung and Huawei.
• 2A small bakery gaining market share locally by capturing 20% of the cake sales in its town.
• 3Tesla's increasing market share in the electric vehicle market as it sells more cars compared to traditional automotive companies.
• 4A new software company increasing its market share by offering innovative solutions that attract customers from established competitors.

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