What is the formula for calculating market share?
A company’s market share is its sales measured as a percentage of an industry’s total revenues.
You can determine a company’s market share by dividing its total sales or revenues by the industry’s total sales over a fiscal period.
Use this measure to get a general idea of the size of a company relative to the industry..
How do you find competitors market share?
Five Ways Your Business Can Grab Market Share TodayStay relevant through innovation. One great way to gain market share is to spot new trends ahead of competitors. … Respond to customers — fast. … Use customers’ ideas. … Snap up competitors. … Be more flexible.
How do you calculate share percentage?
There should be a “common stock” section, which can tell you the number of issued shares as well as the number of authorized shares. Divide the number of issued shares by the number of authorized shares, and then multiply by 100 to convert to a percentage.
What is a market share example?
Every industry has a target market, and each company within an industry has sold to a percentage of the market. That is market share. … For example, assume that XYZ Electronics sold $5 million in televisions in the United States, in a total market in which $100 million in televisions were sold during the same period.
What is market share and how is it calculated?
The market share is calculated by dividing the volume of goods sold by a particular firm by the total number of units in the market.