aftermarket

American  

[af-ter-mahr-kit, ahf-] / ˈæf tərˌmɑr kɪt, ˈɑf- /

noun

1. the market for replacement parts, accessories, and equipment for the care or enhancement of the original product, especially an automobile, after its sale to the consumer.

   The company holds a large share in the automotive radio aftermarket.

2. any additional market created by a product after the primary market.

   Television is the perfect aftermarket for old movies.

3. Stock Exchange. secondary market.

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Usage

What does aftermarket mean? An aftermarket is a market for parts, accessories, or equipment used to maintain or improve an existing product, usually relating to machinery, especially automobiles.The aftermarket is a market for goods that can be used to repair, improve, or change a product that was already made on a primary, or standard, market. For example, when you buy a replacement power cable for your laptop from a company other than the computer manufacturer, you’re buying it on the aftermarket. Aftermarket is often paired with parts, as in The aftermarket parts for my car are actually of a better quality than the original parts.In the context of a stock exchange, aftermarket is used to mean a secondary market. The secondary market is the situation where investors buy and sell shares that are already owned. In contrast, the primary market is the situation where a company first sells its shares to investors. Before that, the company was owned privately. National markets like the New York Stock Exchange and the NASDAQ are aftermarkets. Example: Because her new car didn’t come with good-quality speakers, Libby searched the aftermarket for better speakers.

Etymology

Origin of aftermarket

First recorded in 1935–40; after + market

Example Sentences

With DTN, a recall might be difficult—if not impossible—because the company’s business is based overseas and the components are sold as aftermarket parts, Raviv said.

From The Wall Street Journal

Patrick James, whose empire of automotive aftermarket brands collapsed in September, was accused by federal prosecutors in New York of “a series of fraudulent schemes against the company’s lenders and financing partners.”

From The Wall Street Journal

The deal is part of VSE’s focus on scaling its engine and component service capabilities across the aviation aftermarket, the company said Thursday.

From The Wall Street Journal

“We knew they were aftermarket tickets,” Balentine said, “but never in a million years did I think that tickets could get canceled.”

From Los Angeles Times

First Brands said Monday it has started winding down Brake Parts, aftermarket parts maker Cardone and spark plug manufacturer Autolite.

From The Wall Street Journal