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Discover LudwigThe phrase "a new competitor" is correct and usable in written English.
You can use it when referring to a recently emerged business or entity that is competing in a particular market or industry.
Example: "With the launch of the innovative product, we are now facing a new competitor in the tech industry."
Alternatives: "a fresh rival" or "an emerging competitor".
Exact(56)
A new competitor is about to enter the hunt.
There is also a new competitor to cable and DSL.
America's biggest dog show will have a new competitor.
Fixed-line and cable operators will face a new competitor in the broadband market.
Universities face a new competitor in the form of massive open online courses, or MOOCs.
"They could go out and create a new competitor," he said.
Paris Saint-Germain's financial hegemony in France might be over, because a new competitor has arrived.
A new competitor would be created in 210 routes, affecting 17.5 million passengers.
A new competitor of Travelocity and Expedia, Orbitz.com, says it will do things somewhat differently.
Compaq has released a new competitor in the ultrafeatherweight division that weighs in at three ounces.
Similar(1)
The online ordering market for restaurants has a new competitor today.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com