Colombia Two Wheeler Market to Grow with a CAGR of 4.8% through 2030

Colombia’s two-wheeler market is expanding steadily, fueled by urban congestion, rising delivery services, affordable financing, and demand for low-cost personal mobility across both urban and semi-urban regions.

According to TechSci Research report, “Colombia Two Wheeler Market – By Region, Competition Forecast & Opportunities, 2030F”, Colombia Two Wheeler Market was valued at USD 3.87 Billion in 2024 and is expected to reach USD 5.13 Billion by 2030 with a CAGR of 4.8%  during the forecast period. The Colombia two-wheeler market is undergoing a dynamic transformation driven by broader socio-economic shifts and evolving mobility patterns. One of the key market enablers is the growing need for personalized, affordable mobility in the face of urban sprawl and unreliable public transportation, especially in medium and smaller cities. Two-wheelers offer a flexible solution that bridges last-mile connectivity gaps, enabling faster and more direct commuting options for a diverse range of users. Additionally, the expanding scope of micro-entrepreneurship and gig-based services such as food delivery, courier, and on-demand repair services has positioned two-wheelers as an essential business asset, not just a personal vehicle. This demand is being met with increased financing options, including microloans and flexible EMI plans that cater even to first-time, low-income buyers, thereby enlarging the consumer base.

 However, the market also contends with several formidable challenges. One significant concern is the regulatory unpredictability surrounding emissions norms, vehicle registration, and urban usage restrictions, which can deter both manufacturers and consumers from making long-term investments, especially in new vehicle technologies. Moreover, road safety concerns and high accident rates involving two-wheelers in congested urban environments present a reputational and functional risk for the segment. Poor road infrastructure in remote and peri-urban areas exacerbates wear and tear, reducing the vehicle’s operational life and increasing maintenance costs. Additionally, the informal resale and grey market for used two-wheelers undermines the growth of new vehicle sales, limiting the scope for organized dealerships and OEMs to scale. Despite these headwinds, the market remains resilient, driven by practical necessity and rising mobility aspirations. Manufacturers, policy-makers, and service providers are increasingly collaborating to navigate these structural challenges while tapping into the sector’s latent growth potential.

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The Colombia Two Wheeler market is segmented into vehicle type, engine capacity, propulsion and region.

Based on vehicle type, scooters and mopeds are witnessing a faster growth rate, particularly in urban centers. This segment appeals to a more diverse customer base, including students, female riders, and older adults, thanks to the ease of use, automatic transmission, and ergonomic design. Scooters are ideal for stop-and-go city traffic and short-distance commuting, making them increasingly popular in congested metro areas. The growing availability of electric scooters and enhanced features such as under-seat storage, USB charging ports, and digital dashboards are further driving interest among tech-savvy and convenience-oriented users. As more urban consumers look for agile, low-maintenance mobility solutions, the scooter/moped segment is expected to grow at a faster CAGR than motorcycles over the next five years.

Based on region, Western Colombia, anchored by Cali and the Valle del Cauca department, is the fastest-growing two-wheeler market in the country. The region benefits from strong industrial activity, high urbanization, and a vibrant youth population. Rising traffic congestion in urban hubs like Cali is pushing commuters toward agile and fuel-efficient two-wheelers. Moreover, increased income levels, tech adoption, and government-led mobility policies have made Western Colombia a hotspot for electric two-wheeler pilot programs and EV incentives. Scooters and mid-range motorcycles are gaining momentum, and the growing popularity of ride-sharing and delivery platforms is further boosting demand. The presence of robust service networks and brand dealerships has also made the region attractive for premium and electric two-wheeler brands looking to expand. With evolving consumer preferences and expanding infrastructure, the West stands out as the fastest-growing region in Colombia’s two-wheeler landscape.

Major companies operating in Colombia Two Wheeler market are:

• Auteco S.A.S.
• AKT Motos (Compañía Colombiana de Motocicletas S.A.)
• Bajaj Motorcycles Colombia
• Yamaha Motor Colombia S.A.S.
• Suzuki Motor de Colombia S.A.S.
• Honda Motor de Colombia S.A.
• KTM Colombia
• TVS Motor Colombia
• Hero Motocorp Colombia
• Royal Enfield Colombia

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“In recent years, Environmental concerns and resource efficiency are beginning to influence market behavior and corporate strategies in Colombia's two-wheeler industry, particularly in the context of sustainability and the circular economy. While electric vehicles represent a long-term solution to emissions, short- to medium-term interventions are emerging around recycling, responsible disposal, and refurbishment of two-wheelers and their components. The growing number of motorcycles in operation has heightened concerns over end-of-life vehicle (ELV) waste, particularly from batteries, tires, lubricants, and plastic body parts. In response, some manufacturers and dealers are initiating buy-back programs, trade-in schemes, and second-hand vehicle certifications to extend the product lifecycle. Refurbished motorcycles, especially in rural and low-income markets, are becoming a viable alternative to new purchases, supported by quality guarantees and service warranties. Furthermore, used parts markets—previously informal—are becoming more organized, offering recycled components at lower prices with verified sourcing. A few forward-thinking players are even partnering with local environmental agencies or NGOs to collect and responsibly dispose of hazardous materials like engine oils and batteries. On the policy front, discussions around “producer responsibility” and emissions-linked taxation are starting to gain traction, prompting industry players to reconsider their supply chain practices. There is also increasing interest in sustainable materials for helmets, packaging, and accessories”. Said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

"Colombia Two Wheeler Market, By Vehicle Type (Scooter/Moped, Motorcycle), By Engine Capacity (Up to 125cc, 126cc- 250cc, 251-500cc, Above 500cc), By Propulsion (ICE, Electric), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Colombia Two Wheeler market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Colombia Two Wheeler market.

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