market share

noun

: the percentage of the market for a product or service that a company supplies

Examples of market share in a Sentence

The company has gained market share in the past year. companies working to increase their market shares
Recent Examples on the Web Ticketmaster processes around 500 million tickets around the world each year and reportedly controls more than 80% of the market share for major concerts, according to a report by marketing software developer HubSpot. Sunny Nagpaul, Fortune, 16 Apr. 2024 In the tri-county area last year, Hyde Park rang up $86.7 million in sales and took 1.41 percent of the market share, according to the Shelby Report, a grocery trade publication. Miami Herald Archives, Miami Herald, 16 Apr. 2024 The biggest fiction premiere on free-to-air Spanish television in the past two years, racking up a 14.1% market share and 2.0 million viewers on its linear Feb. 25 bow, the daily series opens with a tense chase through lush forests. Holly Jones, Variety, 9 Apr. 2024 But in recent years, SAIC and its foreign partners have seen steep drops in sales as BYD and Tesla have surged far ahead in the race to capture EV market share. Zhang Yan, Detroit Free Press, 1 Apr. 2024 To maintain market share, Tesla has been reducing prices for both its Model Y and Model 3 and offering competitive leases that often include a $7,500 incentive spread across the term of the lease. Brooke Crothers, Forbes, 30 Mar. 2024 But the agency said in a December report that the competition could put pressure on automakers' short-term market share and profitability. Ken Moritsugu, Quartz, 28 Mar. 2024 Then, a legal challenge filed with the FDA in 2002 was left unresolved for nearly 14 years (throughout the entirety of the Bush administration) in order to thwart judicial review while the pill expanded its market share, creating facts on the ground. The Editors, National Review, 27 Mar. 2024 For the first time last year, Apple was China’s largest smartphone vendor, with market share of 17.3%. Janis MacKey Frayer, NBC News, 27 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'market share.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1918, in the meaning defined above

Time Traveler
The first known use of market share was in 1918

Dictionary Entries Near market share

Cite this Entry

“Market share.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/market%20share. Accessed 26 Apr. 2024.

Legal Definition

market share

noun
: the percentage of the market for a product or service that a company supplies

More from Merriam-Webster on market share

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