Colombia Automotive Market Report and Forecast 2025-2034
Description
The Colombia automotive market size is projected to expand at a CAGR of 3.90% between 2025 and 2034.
As per the Colombia automotive market analysis, the rise in environmental consciousness among the public, coupled with increased public investment in the production of electric vehicles, improved parking accessibility, and the expansion of charging networks, is fuelling the demand for electric vehicles. Furthermore, car manufacturers are introducing new electric vehicles in the region, further stimulating the Colombia automotive market growth.
For instance, in November 2022, Hyundai unveiled its first electric car in the region. Additionally, in February 2024, General Motors (GM) confirmed its plans to launch the all-new Chevy Blazer EV and Chevy Equinox EV in Colombia. GM also announced that these two fully electric vehicles will play a pivotal role in their electric vehicle strategy in South America.
Furthermore, the nation boasts a vast network of support firms that aid assembly companies, with approximately 600 companies involved in producing automotive parts and accessories, nearly 2,000 companies registered in automotive trade, and over 4,600 companies registered in vehicle maintenance and repair. Entrepreneurial endeavours in the automotive sector include the Chamber of the Automotive Industry of the National Association of Industrialists (ANDI), the National Association of Sustainable Mobility (ANDEMOS), the Colombian Association of Automotive Parts Manufacturers (ACOLFA), and the Automotive Sector and its Parts Association (ASOPARTES).
Market Segmentation
Colombia Automotive Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Vehicle Type
Hatchback
Multi-purpose Vehicle
Sedan
Sports Utility Vehicle
Market Breakup by Engine Type
Hybrid And Electric Vehicles_x000D_ _x000D_ BEV _x000D_ FCEV _x000D_ HEV _x000D_ PHEV _x000D_ _x000D_
Hybrid And Electric Vehicles_x000D_ _x000D_ BEV _x000D_ FCEV _x000D_ HEV _x000D_ PHEV _x000D_ _x000D_
Internal Combustion Engine Vehicle_x000D_ _x000D_ CNG _x000D_ Diesel _x000D_ Gasoline _x000D_ LPG _x000D_ _x000D_
Internal Combustion Engine Vehicle_x000D_ _x000D_ CNG _x000D_ Diesel _x000D_ Gasoline _x000D_ LPG _x000D_ _x000D_
Competitive Landscape
Automotive manufacturers are focusing on expanding their line of automobiles equipped with intelligent features, further accelerating the transition towards electric vehicles.
Ford Motor Company
BMW AG
Mercedes-Benz Group AG
Toyota Motor Corp.
Volkswagen AG
Nissan Motor Co. Ltd.
Hyundai Motor Company
Honda Motor Co. Ltd
AB Volvo
Kia Corporation
Suzuki Motor Corp.
General Motors Company (Chevrolet)
Others
As per the Colombia automotive market analysis, the rise in environmental consciousness among the public, coupled with increased public investment in the production of electric vehicles, improved parking accessibility, and the expansion of charging networks, is fuelling the demand for electric vehicles. Furthermore, car manufacturers are introducing new electric vehicles in the region, further stimulating the Colombia automotive market growth.
For instance, in November 2022, Hyundai unveiled its first electric car in the region. Additionally, in February 2024, General Motors (GM) confirmed its plans to launch the all-new Chevy Blazer EV and Chevy Equinox EV in Colombia. GM also announced that these two fully electric vehicles will play a pivotal role in their electric vehicle strategy in South America.
Furthermore, the nation boasts a vast network of support firms that aid assembly companies, with approximately 600 companies involved in producing automotive parts and accessories, nearly 2,000 companies registered in automotive trade, and over 4,600 companies registered in vehicle maintenance and repair. Entrepreneurial endeavours in the automotive sector include the Chamber of the Automotive Industry of the National Association of Industrialists (ANDI), the National Association of Sustainable Mobility (ANDEMOS), the Colombian Association of Automotive Parts Manufacturers (ACOLFA), and the Automotive Sector and its Parts Association (ASOPARTES).
Market Segmentation
Colombia Automotive Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Vehicle Type
Hatchback
Multi-purpose Vehicle
Sedan
Sports Utility Vehicle
Market Breakup by Engine Type
Hybrid And Electric Vehicles_x000D_ _x000D_ BEV _x000D_ FCEV _x000D_ HEV _x000D_ PHEV _x000D_ _x000D_
Hybrid And Electric Vehicles_x000D_ _x000D_ BEV _x000D_ FCEV _x000D_ HEV _x000D_ PHEV _x000D_ _x000D_
Internal Combustion Engine Vehicle_x000D_ _x000D_ CNG _x000D_ Diesel _x000D_ Gasoline _x000D_ LPG _x000D_ _x000D_
Internal Combustion Engine Vehicle_x000D_ _x000D_ CNG _x000D_ Diesel _x000D_ Gasoline _x000D_ LPG _x000D_ _x000D_
Competitive Landscape
Automotive manufacturers are focusing on expanding their line of automobiles equipped with intelligent features, further accelerating the transition towards electric vehicles.
Ford Motor Company
BMW AG
Mercedes-Benz Group AG
Toyota Motor Corp.
Volkswagen AG
Nissan Motor Co. Ltd.
Hyundai Motor Company
Honda Motor Co. Ltd
AB Volvo
Kia Corporation
Suzuki Motor Corp.
General Motors Company (Chevrolet)
Others
Table of Contents
102 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Automotive Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Automotive Historical Market (2018-2024)
- 5.3 Latin America Automotive Market Forecast (2025-2034)
- 5.4 Latin America Automotive Market Breakup by Country
- 5.4.1 Brazil
- 5.4.2 Mexico
- 5.4.3 Argentina
- 5.4.4 Colombia
- 5.4.5 Others
- 6 Colombia Automotive Market Overview
- 6.1 Key Industry Highlights
- 6.2 Colombia Automotive Historical Market (2018-2024)
- 6.3 Colombia Automotive Market Forecast (2025-2034)
- 7 Colombia Automotive Market by Vehicle Type
- 7.1 Hatchback
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Multi-purpose Vehicle
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Sedan
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Sports Utility Vehicle
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 8 Colombia Automotive Market by Engine Type
- 8.1 Hybrid And Electric Vehicles
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.1.3 Breakup by Type
- 8.1.3.1 BEV
- 8.1.3.2 FCEV
- 8.1.3.3 HEV
- 8.1.3.4 PHEV
- 8.2 Internal Combustion Engine Vehicle
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.2.3 Breakup by Type
- 8.2.3.1 CNG
- 8.2.3.2 Diesel
- 8.2.3.3 Gasoline
- 8.2.3.4 LPG
- 9 Market Dynamics
- 9.1 SWOT Analysis
- 9.1.1 Strengths
- 9.1.2 Weaknesses
- 9.1.3 Opportunities
- 9.1.4 Threats
- 9.2 Porter’s Five Forces Analysis
- 9.2.1 Supplier’s Power
- 9.2.2 Buyers Powers
- 9.2.3 Threat of New Entrants
- 9.2.4 Degree of Rivalry
- 9.2.5 Threat of Substitutes
- 9.3 Key Indicators for Demand
- 9.4 Key Indicators for Price
- 10 Competitive Landscape
- 10.1 Supplier Selection
- 10.2 Key Global Players
- 10.3 Key Regional Players
- 10.4 Key Player Strategies
- 10.5 Company Profiles
- 10.5.1 Ford Motor Company
- 10.5.1.1 Company Overview
- 10.5.1.2 Product Portfolio
- 10.5.1.3 Demographic Reach and Achievements
- 10.5.1.4 Certifications
- 10.5.2 BMW AG
- 10.5.2.1 Company Overview
- 10.5.2.2 Product Portfolio
- 10.5.2.3 Demographic Reach and Achievements
- 10.5.2.4 Certifications
- 10.5.3 Mercedes-Benz Group AG
- 10.5.3.1 Company Overview
- 10.5.3.2 Product Portfolio
- 10.5.3.3 Demographic Reach and Achievements
- 10.5.3.4 Certifications
- 10.5.4 Toyota Motor Corp.
- 10.5.4.1 Company Overview
- 10.5.4.2 Product Portfolio
- 10.5.4.3 Demographic Reach and Achievements
- 10.5.4.4 Certifications
- 10.5.5 Volkswagen AG
- 10.5.5.1 Company Overview
- 10.5.5.2 Product Portfolio
- 10.5.5.3 Demographic Reach and Achievements
- 10.5.5.4 Certifications
- 10.5.6 Nissan Motor Co. Ltd.
- 10.5.6.1 Company Overview
- 10.5.6.2 Product Portfolio
- 10.5.6.3 Demographic Reach and Achievements
- 10.5.6.4 Certifications
- 10.5.7 Hyundai Motor Company
- 10.5.7.1 Company Overview
- 10.5.7.2 Product Portfolio
- 10.5.7.3 Demographic Reach and Achievements
- 10.5.7.4 Certifications
- 10.5.8 Honda Motor Co. Ltd.
- 10.5.8.1 Company Overview
- 10.5.8.2 Product Portfolio
- 10.5.8.3 Demographic Reach and Achievements
- 10.5.8.4 Certifications
- 10.5.9 AB Volvo
- 10.5.9.1 Company Overview
- 10.5.9.2 Product Portfolio
- 10.5.9.3 Demographic Reach and Achievements
- 10.5.9.4 Certifications
- 10.5.10 Kia Corporation
- 10.5.10.1 Company Overview
- 10.5.10.2 Product Portfolio
- 10.5.10.3 Demographic Reach and Achievements
- 10.5.10.4 Certifications
- 10.5.11 Suzuki Motor Corp.
- 10.5.11.1 Company Overview
- 10.5.11.2 Product Portfolio
- 10.5.11.3 Demographic Reach and Achievements
- 10.5.11.4 Certifications
- 10.5.12 General Motors Company (Chevrolet)
- 10.5.12.1 Company Overview
- 10.5.12.2 Product Portfolio
- 10.5.12.3 Demographic Reach and Achievements
- 10.5.12.4 Certifications
- 10.5.13 Others
Pricing
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