Aftermarket (merchandise)
Market for replacement parts, upgrade and maintenance original equipment / From Wikipedia, the free encyclopedia
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In economic literature, the term "aftermarket" refers to a secondary market for the goods and services that are 1) complementary or 2) related to its primary market goods (original equipment).[1][2][3] In many industries, the primary market consists of durable goods, whereas the aftermarket consists of consumable or non-durable products or services.[4]
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Accordingly, the "aftermarket goods" mainly include products and services for replacement parts, upgrade, maintenance and enhancement of the use of its original equipment.[3][5] Examples of durable goods and their associated aftermarket goods and services include: razor handle mounts and disposable razor blades designed to mount in that handle; computer printers and their matching printer cartridges; and new cars and optional upgrades that can be installed after the car is purchased, such as car stereos or fog lights.