Definitions for aftermarketˈæf tərˌmɑr kɪt, ˈɑf-
This page provides all possible meanings and translations of the word aftermarket
Random House Webster's College Dictionary
af•ter•mar•ketˈæf tərˌmɑr kɪt, ˈɑf-(n.)
the market for parts, accessories, etc., for maintaining the original product.
Origin of aftermarket:
The market for goods and services surrounding capital purchases of equipment and of software.
The industry that serves that market, eg, in automobiles, computers.
Trading activity in a security immediately following its initial offering to the public.
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, tools, equipment and accessories for light and heavy vehicles, after the sale of the automobile by the original equipment manufacturer to the consumer, which may or may not be manufactured by the original equipment manufacturer. Estimated as a $257 billion market in the United States, the aftermarket helps keep vehicles on the road by providing consumers the choice of where they want their vehicles serviced, maintained or customized. 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 on the road. Consumers have the option of repairing their vehicles themselves or can take the vehicle to a professional repair facility. The aftermarket employs 4.54 million people in the United States at manufacturers, distributors, retailers and repair shops.
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