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).
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
- 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
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Latin America Automotive Market Overview
6 Colombia Automotive Market Overview
7 Colombia Automotive Market by Vehicle Type
8 Colombia Automotive Market by Engine Type
9 Market Dynamics
10 Competitive Landscape
Companies Mentioned
- 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)
