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Convenience Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Convenience Stores Market Research Report | NAICS 44512 | Jul 2014

Added convenience: Increasing demand for convenience and variety will stimulate industry revenue

IBISWorld’s Convenience Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$42bn
Annual Growth 09-14
1.7%
Annual Growth 14-19
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Profit
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Employment
136,722
Businesses
39,912
Industry Analysis & Industry Trends

Convenience stores have grown in popularity over the five years to 2014, as more Americans have returned to work and decreased their leisure time. In response to growing demand for convenience and timesaving options, industry operators have opened additional stores, expanded into new markets and readily adapted to changing consumer tastes in order to increase sales. In the five years to 2019, increasing demand for convenience, improving personal disposable income and industry consolidation are expected to boost sales and lower costs... purchase to read more

Industry Report - Industry Key Buyers Chapter

Due to the dominance of single-store operators, this industry exhibits a low level of market share concentration. In 2014, the top four convenience store operators are expected to account for about 25.0% of this industry's market share. Furthermore, the Convenience Store industry has a large number of small players, with about 68.2% of operators employing less than five people, according to the US Census. The dominance of independent operators goes back to the historical beginnings of the industry and persists because smaller companies can quickly adapt to changes. Small companies can also compete effectively by acquiring superior locations or offering specialized merchandise and services... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Convenience Stores Industry?

Operators in this industry are retail businesses that primarily sell basic food, beverage and tobacco merchandise in convenient locations that are generally open during extended hours. This report excludes gas stations (IBISWorld report 44719), gas stations with convenience stores (IBISWorld report 44711), grocery stores (IBISWorld report 44511) and small kiosks.

Industry Products
Tobacco productsFood servicePackaged beveragesCandy and snacksBeer
 
Industry Activities
Retailing a limited line of goods with an emphasis on basic food, beverages and tobacco products


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