noun
competing companies; rival firms
A formal business term referring to other companies operating in the same market. Often used in reports, news, and corporate contexts.
競合他社の新製品が市場シェアを奪っている。
A rival company's new product is taking market share.
競合他社の動向を分析する必要がある。
We need to analyze the trends of competing companies.
Compound of 競合 (competition) + 他社 (other companies).