market leader
The term 'market leader' refers to a company or product that holds the top position in its industry or market segment, often characterized by the largest market share and influence.
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Definition
B2Business
(general)A company or product with the highest sales or market share in a particular industry.
Example
- The smartphone company became the market leader by consistently introducing innovative features.
C1Economics
(academic, technical)An entity that dominates a market segment in terms of sales volume, customer base, or brand recognition.
Example
- As a market leader, the company sets trends that other competitors follow.
Similar
Terms that have similar or relatively close meanings to "market leader":