| Product Code: ETC4531565 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Colombia engine import shipments in 2024 continued to see significant growth, with top exporting countries being the United States of America, Japan, Canada, China, and Mexico. The market concentration, as measured by HHI, remained high in 2024, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 15.53%, with a notable growth rate of 18.44% from 2023 to 2024. This data suggests a robust demand for engines in Colombia, driven by imports from key global players.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Colombia Engines Market Overview |
3.1 Colombia Country Macro Economic Indicators |
3.2 Colombia Engines Market Revenues & Volume, 2021 & 2031F |
3.3 Colombia Engines Market - Industry Life Cycle |
3.4 Colombia Engines Market - Porter's Five Forces |
3.5 Colombia Engines Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Colombia Engines Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
4 Colombia Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing industrialization and infrastructure development in Colombia leading to increased demand for engines. |
4.2.2 Government initiatives promoting renewable energy sources driving the adoption of eco-friendly engines. |
4.2.3 Expansion of the automotive sector and rising demand for vehicles boosting the demand for engines. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the manufacturing cost of engines. |
4.3.2 Stringent emission regulations requiring engine manufacturers to invest in RD for cleaner technologies. |
4.3.3 Economic instability and currency fluctuations affecting the purchasing power of consumers and businesses. |
5 Colombia Engines Market Trends |
6 Colombia Engines Market, By Types |
6.1 Colombia Engines Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Colombia Engines Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Colombia Engines Market Revenues & Volume, By Power Generation (Emergency & Standby, Prime Power, Peak Shaving), 2021 - 2031F |
6.1.4 Colombia Engines Market Revenues & Volume, By Marine (Recreational and Commercial), 2021 - 2031F |
6.2 Colombia Engines Market, By Power Rating |
6.2.1 Overview and Analysis |
6.2.2 Colombia Engines Market Revenues & Volume, By 0-60 HP, 2021 - 2031F |
6.2.3 Colombia Engines Market Revenues & Volume, By 61-100 HP, 2021 - 2031F |
6.2.4 Colombia Engines Market Revenues & Volume, By 101-300 HP, 2021 - 2031F |
6.2.5 Colombia Engines Market Revenues & Volume, By 301-500 HP, 2021 - 2031F |
6.2.6 Colombia Engines Market Revenues & Volume, By 501-700 HP, 2021 - 2031F |
6.2.7 Colombia Engines Market Revenues & Volume, By above 700 HP, 2021 - 2031F |
7 Colombia Engines Market Import-Export Trade Statistics |
7.1 Colombia Engines Market Export to Major Countries |
7.2 Colombia Engines Market Imports from Major Countries |
8 Colombia Engines Market Key Performance Indicators |
8.1 Average engine lifespan in Colombia. |
8.2 Adoption rate of eco-friendly engines in the market. |
8.3 Percentage of engine manufacturers investing in RD for emission control technologies. |
8.4 Growth rate of the automotive sector in Colombia. |
8.5 Number of infrastructure projects using engines as power sources in Colombia. |
9 Colombia Engines Market - Opportunity Assessment |
9.1 Colombia Engines Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Colombia Engines Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
10 Colombia Engines Market - Competitive Landscape |
10.1 Colombia Engines Market Revenue Share, By Companies, 2024 |
10.2 Colombia Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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