| Product Code: ETC022404 | Publication Date: Oct 2020 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In 2024, Colombia continued to heavily rely on imports of internal combustion engines, with top exporters being the USA, Japan, China, Canada, and India. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry experienced a negative compound annual growth rate (CAGR) of -1.77% from 2020 to 2024. Furthermore, the growth rate in 2024 alone saw a significant decline of -8.53%, reflecting potential challenges and fluctuations in the market dynamics for internal combustion engines in Colombia.

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 Internal Combustion Engines Market Overview |
3.1 Colombia Country Macro Economic Indicators |
3.2 Colombia Internal Combustion Engines Market Revenues & Volume, 2019 & 2026F |
3.3 Colombia Internal Combustion Engines Market - Industry Life Cycle |
3.4 Colombia Internal Combustion Engines Market - Porter's Five Forces |
3.5 Colombia Internal Combustion Engines Market Revenues & Volume Share, By Fuel, 2019 & 2026F |
3.6 Colombia Internal Combustion Engines Market Revenues & Volume Share, By End-Users, 2019 & 2026F |
4 Colombia Internal Combustion Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity generation |
4.2.2 Growing automotive industry in Colombia |
4.2.3 Rising infrastructure development projects |
4.3 Market Restraints |
4.3.1 Stringent environmental regulations |
4.3.2 Fluctuating raw material prices |
4.3.3 Competition from alternative power sources |
5 Colombia Internal Combustion Engines Market Trends |
6 Colombia Internal Combustion Engines Market, By Types |
6.1 Colombia Internal Combustion Engines Market, By Fuel |
6.1.1 Overview and Analysis |
6.1.2 Colombia Internal Combustion Engines Market Revenues & Volume, By Fuel, 2016 - 2026F |
6.1.3 Colombia Internal Combustion Engines Market Revenues & Volume, By Petroleum, 2016 - 2026F |
6.1.4 Colombia Internal Combustion Engines Market Revenues & Volume, By Natural Gas, 2016 - 2026F |
6.2 Colombia Internal Combustion Engines Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Colombia Internal Combustion Engines Market Revenues & Volume, By Automotive, 2016 - 2026F |
6.2.3 Colombia Internal Combustion Engines Market Revenues & Volume, By Aircraft, 2016 - 2026F |
6.2.4 Colombia Internal Combustion Engines Market Revenues & Volume, By Marine, 2016 - 2026F |
7 Colombia Internal Combustion Engines Market Import-Export Trade Statistics |
7.1 Colombia Internal Combustion Engines Market Export to Major Countries |
7.2 Colombia Internal Combustion Engines Market Imports from Major Countries |
8 Colombia Internal Combustion Engines Market Key Performance Indicators |
8.1 Number of new infrastructure projects utilizing internal combustion engines |
8.2 Adoption rate of internal combustion engines in the agricultural sector |
8.3 Investment in research and development for improving engine efficiency |
9 Colombia Internal Combustion Engines Market - Opportunity Assessment |
9.1 Colombia Internal Combustion Engines Market Opportunity Assessment, By Fuel, 2019 & 2026F |
9.2 Colombia Internal Combustion Engines Market Opportunity Assessment, By End-Users, 2019 & 2026F |
10 Colombia Internal Combustion Engines Market - Competitive Landscape |
10.1 Colombia Internal Combustion Engines Market Revenue Share, By Companies, 2024 |
10.2 Colombia Internal Combustion 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.
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