Definition of aftermarket

aftermarketnoun

hậu mãi

/ˈɑːftəmɑːkɪt//ˈæftərmɑːrkɪt/

The term "aftermarket" originated in the early 20th century in the automotive industry. It referred to the market for spare parts and accessories for vehicles after their initial purchase, or "after" the initial sale of the vehicle. Over time, the term has expanded to include many other industries beyond automotive, such as aerospace, heavy equipment, and construction equipment. Initially, "aftermarket" referred to the sale of replacement parts, maintenance supplies, and performance enhancing add-ons for vehicles, such as spark plugs, air filters, and exhaust systems. Today, the term encompasses a wide range of goods and services, including warranty extensions, maintenance programs, and upgrade options for vehicles and equipment. As the aftermarket has grown and evolved, it has become an essential component of many industries, providing customers with options for customizing, maintaining, and upgrading their products.

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the demand for equipment and services that are related to a purchase

nhu cầu về thiết bị và dịch vụ liên quan đến việc mua hàng

Example:
  • the aftermarket for computer accessories

    thị trường phụ tùng máy tính

  • the automotive aftermarket

    thị trường phụ tùng ô tô

the financial markets such as stock exchanges where shares in companies are bought and sold, after their original issue

thị trường tài chính như sàn giao dịch chứng khoán nơi cổ phiếu của các công ty được mua và bán sau khi phát hành ban đầu

Example:
  • investors who sold into the aftermarket

    các nhà đầu tư đã bán vào thị trường thứ cấp

  • declining aftermarket prices

    giá hậu mãi đang giảm

Related words and phrases