Meaning of the word aftermarket in English

What does aftermarket mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

aftermarket

US /ˈæftərˌmɑrkɪt/
UK /ˈɑːftəˌmɑːkɪt/
"aftermarket" picture

Noun

the market for accessories, spare parts, and other products used to modify or repair a product after it has been sold

Example:
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The company specializes in automotive aftermarket parts.
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Many consumers prefer aftermarket accessories for customization.

Adjective

relating to or denoting the market for accessories, spare parts, and other products used to modify or repair a product after it has been sold

Example:
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The company manufactures aftermarket exhaust systems.
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They offer a wide range of aftermarket upgrades for vehicles.