1. A market characterized by decreasing demand, declining sales, or reduced consumer interest in a particular product, service, or sector
The waning market for physical media has forced many retailers to adapt their business strategies.
O mercado em declínio de mídia física obrigou muitos varejistas a adaptarem suas estratégias de negócios.
2. An economic condition where market share, prices, or trading volumes are gradually diminishing
Investors are pulling out of the waning market for traditional automobiles.
Os investidores estão se retirando do mercado em declínio de automóveis tradicionais.