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aftermarket
Douglas Harper's Etymology Dictionary
aftermarket

1940, American English, of automobile parts, from after + market.

Wiktionary
aftermarket

n. 1 (context business English) The market for goods and services surrounding capital purchases of equipment and of software. 2 (context business English) The industry that serves that market, eg, in automobiles, computers. 3 (context finance English) Trading activity in a security immediately following its initial offering to the public.

Wikipedia
Aftermarket

Aftermarket may refer to:

  • Aftermarket (merchandise), any market where customers who buy one product or service are likely to buy a related, follow-on product
    • Aftermarket (automotive), the addition of non-factory parts, accessories and upgrades to a motor vehicle also to include removal of parts after vehicle is placed on market
  • Aftermarket (finance), or secondary market in financial parlance, the trading of securities that have already been issued
Aftermarket (automotive)

The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer. The parts, accessories, etc. for sale may or may not be manufactured by the OEM. According to a report by the International Trade Administration in the Department of Commerce, "Aftermarket parts are divided into two categories: replacement parts and accessories. Replacement parts are automotive parts built or remanufactured to replace OE parts as they become worn or damaged. Accessories are parts made for comfort, convenience, performance, safety, or customization, and are designed for add-on after the original sale of the motor vehicle."

The aftermarket encompasses parts for replacement, collision, appearance, and performance, including electric propulsion. The aftermarket provides a wide variety of parts of varying qualities and prices for nearly all vehicle makes and models.

Consumers have the option of repairing their vehicles themselves (the " do-it-yourself" or "DIY" segment) or can take the vehicle to a professional repair facility (the "do-it-for me" or "DIFM" segment). The aftermarket helps keep vehicles on the road by providing consumers the choice of where they want their vehicles serviced, maintained, or customized.

Aftermarket (merchandise)

In many economic literature, the term "aftermarket" refers to a secondary market for the goods and services that are 1) complementary or 2) related to its primary market goods ( original equipment).

Thus, in many industries, the primary market consists of durable goods, whereas the aftermarket consists of consumable or non-durable products or services.

Accordingly, the "aftermarket goods" mainly include products and services for replacement parts, upgrade, maintenance and enhancement of the use of its original equipment.

Usage examples of "aftermarket".

Even flying blind and nearly out of control through the middle of a space battle, Obi-Wan could not avoid a second of disbelief at the bewildering variety of auxiliary tools and aftermarket behaviors Anakin had tinkered onto his starfighter’s astromech, even beyond the sophisticated upgrades performed by the Royal Engineers of Naboo.

The Royal Engineers of Naboo’s aftermarket wiz­ardry made their modified R-units the most sought after in the galaxy.

And even their R2 unit could fight: the little astromech had some kind of aftermarket cable-gun it had used to entangle the legs of a super droid and yank it off its feet, and now was jerking the droid this way and that so that its arm cannons were blasting chunks off its squadmates instead of the Jedi.

Most people found the standard personality emulation somewhat pessimistic for their tastes, and purchased an aftermarket buckley with a personality overlay more compatible with their own preferences.

It was back when new issues of convertible debentures were coming out and selling in the aftermarket at big premiums.

The car companies were still a bit slow, but it was looking as though we had a first-class customer in a certain Brazilian auto aftermarket manufacturer.

At which point, of course, our obligation to the old Merchant Prince would have been satisfied and we could pick up on all the aftermarket trade.

That sucked up a half hour, deleting the fast money and pornography offers, checking a few of the Porsche aftermarket companies.