mature industry

mature industry definition - business

mature industry

An industry in which future growth is so limited that firms in it must grow by taking sales from competitors or by diversifying. The stocks of firms in mature industries often have high dividend yields and sell at low price-earnings ratios. The automotive, petroleum, and tobacco industries are examples of mature industries.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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