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"competitor of" is correct and can be used in written English.
You would use it when you are referring to one person or entity's rival or adversary. For example: "Google has long been the leading competitor of Apple in the search engine market."
Exact(59)
Mr. Sodo's company is a competitor of Pipevine.
In March, Oracle bought Hyperion, another competitor of Cognos.
Siemens is a direct competitor of General Electric.
Idei still saw Microsoft as "the biggest competitor of Sony".
Fudd is not a competitor of L.L. Bean.
Comcast became a direct competitor of CBS in January with its acquisition of NBC Universal.
Within two weeks, SPX, a competitor of Gardner's, submitted a preliminary proposal to acquire the company.
"It was a seminal moment," a well-known competitor of Schrager's tells me.
(Momlogic.com is produced by Warner Brothers, a competitor of Fox's in television production).
I am a fan, friend and longtime competitor of the Fab Five.
Porsche is a competitor of Audi, a VW subsidiary which makes some sporty cars.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com