market growth

Definition

The expansion of market share by a company, brand or product, as measured by units sold or revenue, achieved through increased consumer demand or competitive advantages. Consumer demand is driven by a company's ability to increase perceived value, set optimum price points, improve product usefulness, or increase advertising.

Use market growth in a sentence

The market growth was really cool to see and we were all proud to be part of such an amazing company.

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The market growth of the company was excellent as they were leading the industry and demonstrating the optimal way to conduct business.

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Apple's market growth has boomed since the iPhone was released, many consumers stay loyal to the brand and not only purchase iPhones but many other Apple products as well.

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