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

TransDigm Group agreed to acquire Jet Parts Engineering and Victor Sierra Aviation Holdings from private-equity firm Vance Street Capital for about $2.2 billion in cash, including certain tax benefits, expanding the aircraft-components maker’s exposure to the commercial-aerospace aftermarket.

From The Wall Street Journal

The company derives nearly all of its revenue from the commercial aftermarket and it employs about 300 people, according to TransDigm.

From The Wall Street Journal

Victor Sierra Aviation Holdings focuses on aftermarket parts for the general and business aviation markets, operating a portfolio of brands such as McFarlane Aviation and Tempest Aero Group.

From The Wall Street Journal

TransDigm Chief Executive Mike Lisman said both companies are profitable, growing businesses that align with TransDigm’s strategy to serve aftermarket customers.

From The Wall Street Journal

Nvidia shares, which are up more than 35% year to date, were flat in aftermarket trading.

From The Wall Street Journal