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.