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This is a genuine report, compiled by my colleagues based on their on-site research. I hope it will be helpful to you.
1. Country and City Overview
Colombia has a total population of approximately 52 million, ranking third in Latin America. The GDP per capita is US$6,156.
- First largest city: Bogotá (capital), population 11.8 million.
- Second largest city: Medellín, population approximately 4.17 million.
- Third largest city: Cali, population approximately 2.91 million.
- Fourth largest city: Barranquilla.
- Fifth largest city: Bucaramanga.
- Sixth largest city: Cartagena.
- Other important cities: Pereira, Cúcuta
Note: The recommended primary cities for developing the auto parts market are Bogotá, Medellín, and Cali. Competition is particularly high in Bogotá and Medellín. Subsequently, focus should be placed on Cali, Barranquilla, and Pereira.
Special attention: There are issues with bank transfers in Barranquilla and Pereira; the source of funds is unclear, requiring extreme caution.
2. Market Size and Dynamics
In 2023, Colombia had 5.3 million vehicles in operation.
By 2025, the number of vehicles in operation in Colombia is projected to reach 6 million, with an annual increase of 400,000 vehicles. The growth rate of vehicles in operation is approximately 6%-7%.
The penetration rate of new energy vehicles is accelerating. In 2024, the penetration rate of new energy vehicles was 2.87%, and it is projected to rise to 9% in 2025. Chinese brands such as BYD are significantly contributing to this growth.
Note: Currently, there is demand for Chinese car parts in Colombia, but the demand is not yet as high as in more developed countries like Chile. However, the trend towards new energy vehicles is evident. Electric vehicles, mainly from Chinese brands, are already visible on the roads. It is expected that the number of new energy vehicles in Colombia will increase significantly in the next 3-5 years.
3. Market Segmentation Structure
| Segment | Market Share | Main Products | Growth Drivers |
|---|---|---|---|
| OEM Parts | 40% | Brand-authorized parts | Warranty requirements, quality pursuit |
| Aftermarket Parts | 30% | Cost-effective replacement parts | Price-sensitive consumption |
| Automotive Care & Beauty Products | 15% | Car wax, cleaners | Rising awareness of automotive aesthetics |
| Electronic Accessories & Equipment | 10% | GPS, dash cams | Smart vehicle trends |
| Safety Equipment | 3% | Brake discs, airbags | Safety regulations |
| Child Safety Seats | 2% | Child passenger safety devices | Increased safety awareness |
4. Product Segmentation Structure
Mechanical Components (40%): Brakes, shock absorbers, transmission system.
Electrical Components (25%): Batteries, alternators, lighting system.
Body Components (20%): Doors, grille, bumpers.
Accessories and Performance Parts (15%): Tires, audio system, modification parts.
5. Vehicle Types
Light vehicles (passenger cars, vans) 45%
Motorcycles (Largest fleet in Colombia) 30%
Heavy vehicles (trucks, buses) 15%
Agricultural/Industrial machinery 10%
Note: The motorcycle segment is the most dynamic due to its widespread use in delivery and urban transportation.
By Region (Automotive Parts Demand)
- Bogotá 35% Multi-brand repair shops, corporate fleets
- Antioquia 25% Mining industry, intercity transportation
- Valle del Cauca 15% Buenaventura Port (imports)
- Caribbean Coast 12% Tourism and logistics industries
- Other regions 5% Local repair shops, retail trade
6. Market Brand Competitive Landscape
The main international brands in the Colombian market are: Toyota (12.9% market share), Kia (12.4%), and Renault (11.5%), which occupied the top three positions in sales in May 2025, followed by Mazda in fourth place.
The main Chinese car brands in the Colombian market are: BYD, Foton, JAC, JMC, and MG. Chinese brands have a market share of >10%. BYD is the leading Chinese brand, ranking ninth overall.
7. Major international brands in the Colombian auto parts market
| Brand | Country | Market Share | Local Distributor | Main Products |
|---|---|---|---|---|
| Bosch | Germany | 22% | Bosch Colombia | Braking systems, Electrical systems |
| Monroe | USA | 15% | Auteco | Shock absorbers |
| Denso | Japan | 12% | Denso Andina | Alternators, Spark plugs |
| ACDelco | USA | 10% | GM Colombia | Batteries, Filters |
8. Distribution of Major Customers in the Colombian Market
Bogotá
- Market Share: 35% of the national market share.
- Overview: High demand for high-end spare parts (BOSHI, BONEM).
- Challenges: Intense competition from informal importers in the Soacha region.
Medellín
- Market Share: 25% of the national market share.
- Overview: Focus on motorcycle and commercial vehicle spare parts (Auteco).
- Growing number of electric vehicle dealerships.
Cali
- Market Share: 15% of the national market share.
- Overview: Distribution center for the southwestern region.
- Demand for spare parts for Asian cars (Toyota, Hyundai).
