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Market growth

This is normally thought of as the percentage change in sales of a product or service over a certain period of time. This may reflect changes in volume and/or value. The market growth rate is a factor to be considered when evaluating the performance of a particular product in a particular market. A growing market offers sales potential and the opportunity for the firm to become more profitable, but growth may also attract rivals (competitors), who recognise the profit potential.

Year Market value $m
2010 10
2011 12