Definition, Meaning & Synonyms

market-competitor

Noun

/ˈmɑːrkɪt kəmˈpɛtɪtər/

Definition

A market-competitor is a company or organization that offers similar products or services in the same market as another company, competing for the same customers.

Examples

Apple is a strong market-competitor in the technology sector.
In the fast-food industry, McDonald’s faces stiff challenges from its various market-competitors.
Startups often find it difficult to gain market traction when existing competitors dominate.