Definition, Meaning & Synonyms
major competitor
Noun
ˈmeɪdʒər kəmˈpɛtɪtər
Definition
A significant entity that competes with another in a particular industry or market.
Examples
- Company X is a major competitor in the smartphone industry, consistently challenging Company Y for market dominance.
- In the automotive sector, major competitors include Tesla, Ford, and Toyota, all vying for leadership in electric vehicle sales.
Meaning
A major competitor is a company or organization that plays a key role in a market by competing against one or more businesses, often for customers, market share, or industry influence.
Synonyms
- Key rival
- Principal competitor
- Leading contender
- Primary adversary