Meaning of the word "market leader" in English

What does "market leader" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

market leader

US /ˈmɑːr.kɪt ˈliː.dər/
UK /ˈmɑː.kɪt ˈliː.də/

Noun

the company or product that sells the most of a particular type of product or service

Example:
Apple is a market leader in smartphone technology.
Our goal is to become the market leader in renewable energy.