| Product Code: ETC6760281 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Colombia saw significant import shipments of CNG powertrains mainly from top exporters such as South Korea, China, India, Mexico, and Brazil. The market remained competitive with a low Herfindahl-Hirschman Index (HHI) concentration, indicating a diverse range of suppliers. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 13.0%, reflecting a promising trend in the Colombian CNG powertrain market and opportunities for continued expansion.

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 CNG Powertrain Market Overview |
3.1 Colombia Country Macro Economic Indicators |
3.2 Colombia CNG Powertrain Market Revenues & Volume, 2021 & 2031F |
3.3 Colombia CNG Powertrain Market - Industry Life Cycle |
3.4 Colombia CNG Powertrain Market - Porter's Five Forces |
3.5 Colombia CNG Powertrain Market Revenues & Volume Share, By Drive Type, 2021 & 2031F |
3.6 Colombia CNG Powertrain Market Revenues & Volume Share, By Fuel, 2021 & 2031F |
3.7 Colombia CNG Powertrain Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Colombia CNG Powertrain Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing environmental concerns and focus on reducing emissions in Colombia |
4.2.2 Government incentives and policies promoting the adoption of CNG powertrains |
4.2.3 Increasing awareness about the benefits of CNG as a cleaner alternative to traditional fuels in the transportation sector |
4.3 Market Restraints |
4.3.1 High initial costs of CNG powertrain technology and infrastructure |
4.3.2 Limited availability and accessibility of CNG refueling stations in Colombia |
5 Colombia CNG Powertrain Market Trends |
6 Colombia CNG Powertrain Market, By Types |
6.1 Colombia CNG Powertrain Market, By Drive Type |
6.1.1 Overview and Analysis |
6.1.2 Colombia CNG Powertrain Market Revenues & Volume, By Drive Type, 2021- 2031F |
6.1.3 Colombia CNG Powertrain Market Revenues & Volume, By All-wheel Drive, 2021- 2031F |
6.1.4 Colombia CNG Powertrain Market Revenues & Volume, By Rear Wheel Drive, 2021- 2031F |
6.1.5 Colombia CNG Powertrain Market Revenues & Volume, By Front Wheel Drive, 2021- 2031F |
6.2 Colombia CNG Powertrain Market, By Fuel |
6.2.1 Overview and Analysis |
6.2.2 Colombia CNG Powertrain Market Revenues & Volume, By Mono Fuel, 2021- 2031F |
6.2.3 Colombia CNG Powertrain Market Revenues & Volume, By Bi-fuel, 2021- 2031F |
6.3 Colombia CNG Powertrain Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Colombia CNG Powertrain Market Revenues & Volume, By Passenger Vehicle, 2021- 2031F |
6.3.3 Colombia CNG Powertrain Market Revenues & Volume, By Commercial Vehicle, 2021- 2031F |
7 Colombia CNG Powertrain Market Import-Export Trade Statistics |
7.1 Colombia CNG Powertrain Market Export to Major Countries |
7.2 Colombia CNG Powertrain Market Imports from Major Countries |
8 Colombia CNG Powertrain Market Key Performance Indicators |
8.1 Number of new CNG refueling stations opened in Colombia |
8.2 Percentage increase in CNG vehicle registrations in the country |
8.3 Average cost of CNG powertrain technology in the market |
8.4 Adoption rate of CNG powertrains in public transportation fleets |
8.5 Amount of government funding allocated towards supporting CNG infrastructure development in Colombia |
9 Colombia CNG Powertrain Market - Opportunity Assessment |
9.1 Colombia CNG Powertrain Market Opportunity Assessment, By Drive Type, 2021 & 2031F |
9.2 Colombia CNG Powertrain Market Opportunity Assessment, By Fuel, 2021 & 2031F |
9.3 Colombia CNG Powertrain Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Colombia CNG Powertrain Market - Competitive Landscape |
10.1 Colombia CNG Powertrain Market Revenue Share, By Companies, 2024 |
10.2 Colombia CNG Powertrain 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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