Market Share Analysis
Overview
Market Share Analysis is the process of examining the percentage of total sales in an industry generated by a particular company.
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Market Share Analysis involves evaluating a company’s current market share and identifying trends over time to understand its position relative to competitors. This analysis helps businesses gauge their performance within the industry and make informed decisions regarding marketing, sales strategies, and resource allocation.
The process includes collecting data on overall industry sales and the company's sales, then calculating the company's market share. By analyzing these figures, companies can identify strengths, weaknesses, opportunities, and threats, ultimately guiding strategic planning and competitive actions.