What is Market Share Rank?
Market share rank is a metric that measures the size of a company’s market compared to its peers and competitors. It is used to assess a company’s relative position in an industry or market, and to compare its performance against that of its competitors. The market share rank is calculated by dividing the company’s total market share by the total market share of its competitors.
How is Market Share Rank Calculated?
Market share rank is calculated by dividing the company’s total market share by the total market share of its competitors. The market share rank is generally expressed as a percentage and is calculated by adding up the market shares of the company’s competitors and then dividing the company’s market share by the sum of all competitor market shares.
Examples of Market Share Rank
Below are some examples of market share rank in different industries:
- In the retail industry, Walmart has a market share of 31.5%, making it the number one company in terms of market share rank.
- In the restaurant industry, McDonald’s has a market share of 21.2%, making it the number one company in terms of market share rank.
- In the banking industry, JPMorgan Chase has a market share of 13.8%, making it the number one company in terms of market share rank.
Conclusion
Market share rank is an important metric for measuring a company’s relative position in an industry or market, and for comparing its performance against that of its competitors. It is calculated by dividing the company’s total market share by the total market share of its competitors. Knowing a company’s market share rank can help investors and analysts assess its growth potential and competitive advantages. For more information about market share rank, please visit the following sites: