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.
The numerical value of aftermarket in Chaldean Numerology is: 2
The numerical value of aftermarket in Pythagorean Numerology is: 1
Examples of aftermarket in a Sentence
Boeing got its pound of flesh from partnering for success a couple of years ago on the 787, we have been very guarded in terms of giving aftermarket away because ... we make big investments up front and the only way we recover it is in the aftermarket.
Most companies offer a choice to consumer. Any sort of aftermarket part that you might hear about are usually cosmetic parts, so they're nothing related to the safety, the mechanical parts of the operation of the vehicle. ... In many cases these parts are no different. They're made in the same factories. One just comes out with an auto manufacturer's name on it.
We have seen (aircraft) retirements last year slow down as fuel prices have slowed down, what that means is they are flying the older planes longer. They aren't as anxious perhaps to take some of the new, more expensive equipment and as a result, it's probably good news for us in the aftermarket for a bit here as long as oil prices stay low.
We've been a really, really strong takeover target now for the thirteen years I've been at Meggitt, lots of people want to be aerospace, lots of people want to have strong aftermarket positions. It's no surprise that the odd rumour pops up.
Our customers choose where their vehicles are going to be repaired. We provide information about our Select Service program while at the same time making it clear they can select which shop will do the work. most companies offer a choice to consumer. Any sort of aftermarket part that you might hear about are usually cosmetic parts.
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"aftermarket." Definitions.net. STANDS4 LLC, 2020. Web. 2 Apr. 2020. <https://www.definitions.net/definition/aftermarket>.