1. A market characterized by falling prices, reduced demand, and decreasing sales volume for goods or services
The automotive industry faces a declining market due to the shift toward electric vehicles.
A indústria automóvel enfrenta um mercado em declínio devido à mudança para veículos elétricos.
2. An economic situation where consumer spending and business activity are contracting
During the recession, retailers struggled in a declining market.
Durante a recessão, os varejistas enfrentaram dificuldades em um mercado em declínio.