The line graph illustrates how the market share of company A and company B changed between 2019 and 2023.
Overall, there was a decrease in the market share of both companies, with company B experiencing a greater decline. In addition, the two companies alternated in market share dominance year over year throughout the period.
The market share of company A started at just under 4% in 2019, after which it witnessed a dramatic rise to reach its peak of about 5.7% one year later, before sharply dropping to under 3% by 2021. In contrast, and to a lesser extent, the figure or company B was around 4.7% at the beginning, followed by a slight decrease by 0. 7% in 2020, and nearly levelled off until 2021.
From 20121 to 2023, approximately 4% market share of company B, with a subsequent considerable decline to hit a trough of just over 2% and an increase to 2. 5%. During the same period, the figure for company A hovered around 3%.
