Reports
Sale
Colombia Automotive Market Size, Share, Growth, Analysis: By Vehicle Type: Hatchback, Multi-purpose Vehicle, Sedan, Sports Utility Vehicle; By Engine Type: Hybrid And Electric Vehicles, Internal Combustion Engine Vehicle; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Colombia Automotive Market Outlook
The Colombia automotive market size is projected to expand at a CAGR of 3.90% between 2024 and 2032.
Key Takeaways
- In the year 2021, Colombia had a total of 17 million vehicles in circulation, with cars accounting for 6.7 million, or 39% of the total share.
- In Latin America, a total of 5.5 million vehicles were produced in 2021, and Colombia maintained its position as the fourth-largest producer with 44,140 units manufactured.
- Colombia saw 250,497 vehicles sold in 2021, marking a 33% increase from the previous year, and it is projected that sales will experience an average annual growth rate of 4% between 2022 and 2025.
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 2024-2032 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
- BEV
- FCEV
- HEV
- PHEV
- Internal Combustion Engine Vehicle
- CNG
- Diesel
- Gasoline
- LPG
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
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Vehicle Type |
|
| Breakup by Engine Type |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Automotive Market Overview
8.1 Key Industry Highlights
8.2 Latin America Automotive Historical Market (2018-2023)
8.3 Latin America Automotive Market Forecast (2024-2032)
8.4 Latin America Automotive Market Breakup by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Automotive Market Overview
9.1 Key Industry Highlights
9.2 Colombia Automotive Historical Market (2018-2023)
9.3 Colombia Automotive Market Forecast (2024-2032)
10 Colombia Automotive Market by Vehicle Type
10.1 Hatchback
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Multi-purpose Vehicle
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Sedan
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Sports Utility Vehicle
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Colombia Automotive Market by Engine Type
11.1 Hybrid And Electric Vehicles
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.1.3 Breakup by Type
11.1.3.1 BEV
11.1.3.2 FCEV
11.1.3.3 HEV
11.1.3.4 PHEV
11.2 Internal Combustion Engine Vehicle
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.2.3 Breakup by Type
11.2.3.1 CNG
11.2.3.2 Diesel
11.2.3.3 Gasoline
11.2.3.4 LPG
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Ford Motor Company
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 BMW AG
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Mercedes-Benz Group AG
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Toyota Motor Corp.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Volkswagen AG
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Nissan Motor Co. Ltd.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Hyundai Motor Company
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Honda Motor Co. Ltd.
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 AB Volvo
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Kia Corporation
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Suzuki Motor Corp.
13.2.11.1 Company Overview
13.2.11.2 Product Portfolio
13.2.11.3 Demographic Reach and Achievements
13.2.11.4 Certifications
13.2.12 General Motors Company (Chevrolet)
13.2.12.1 Company Overview
13.2.12.2 Product Portfolio
13.2.12.3 Demographic Reach and Achievements
13.2.12.4 Certifications
13.2.13 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Automotive Market: Key Industry Highlights, 2018 and 2032
2. Colombia Automotive Market: Key Industry Highlights, 2018 and 2032
3. Colombia Automotive Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
4. Colombia Automotive Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
5. Colombia Automotive Historical Market: Breakup by Engine Type (USD Billion), 2018-2023
6. Colombia Automotive Market Forecast: Breakup by Engine Type (USD Billion), 2024-2032
7. Colombia Automotive Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 3.90% between 2024 and 2032.
The key factors leading to the market expansion include the rise in passenger car sales, the surge in automobile production, and the introduction of new vehicle models.
The key trends aiding the market expansion include the growing integration of cutting-edge technologies and the escalating demand for electric vehicles.
The major vehicle types are hatchback, multi-purpose vehicle, sedan, and sports utility vehicle.
The major engine types in the market are hybrid and electric vehicles and internal combustion engine vehicle.
The major players in the market are 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., and General Motors Company (Chevrolet), among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER