Aftermarket: meaning, definitions and examples
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aftermarket
[ ˈæftərˌmɑrkɪt ]
automotive industry
The term 'aftermarket' refers to the secondary market of aftermarket parts and accessories that are available for vehicles after the original sale. It includes a wide range of products such as replacement parts, customization accessories, and performance upgrades. In the automotive context, the aftermarket plays a significant role in enhancing, repairing, or modifying vehicles to suit individual preferences. Many consumers turn to the aftermarket sector for cost-effective alternatives to dealership parts or for performance enhancements.
Synonyms
parts market, replacement market, secondary market.
Examples of usage
- I purchased new tires from the aftermarket.
- Aftermarket performance parts can significantly improve your car's speed.
- She prefers aftermarket accessories for her vehicle's interior.
- The aftermarket allows for more customization options.
Translations
Translations of the word "aftermarket" in other languages:
🇵🇹 mercado secundário
🇮🇳 बाद की मार्केट
🇩🇪 Zubehörmarkt
🇮🇩 pasar sekunder
🇺🇦 вторинний ринок
🇵🇱 rynek wtórny
🇯🇵 アフターマーケット
🇫🇷 marché secondaire
🇪🇸 mercado secundario
🇹🇷 ikincil piyasa
🇰🇷 애프터마켓
🇸🇦 سوق ما بعد البيع
🇨🇿 sekundární trh
🇸🇰 sekundárny trh
🇨🇳 售后市场
🇸🇮 sekundarni trg
🇮🇸 eftirmarkaður
🇰🇿 нарықтан кейін
🇬🇪 შემდგომი ბაზარი
🇦🇿 sonrakı bazar
🇲🇽 mercado secundario
Etymology
The term 'aftermarket' originated from the concept of markets that come 'after' the initial sale of an item or service. Its roots can be traced back to the 1970s, when the automotive industry began to recognize the potential for spare parts and accessories to be sold separately from new vehicles. As car ownership expanded globally, the need for affordable repair and upgrade solutions grew, leading to the evolution of a robust aftermarket. Over the years, this term has broadened to include various industries beyond automotive, such as electronics and appliances, where consumers seek replacement parts or enhancements for products they already own. The aftermarket phenomenon reflects changing consumer behaviors that prioritize personalization and affordability.