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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 | Jan 2016

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

IBISWorld’s Convenience Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$28bn
Annual Growth 11-16
1.5%
Annual Growth 16-21
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Profit
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Employment
140,238
Businesses
40,849
Industry Analysis & Industry Trends

Convenience stores have grown in popularity over the five years to 2016 as more Americans 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 to increase sales. In the five years to 2021, 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 Analysis Chapter

Convenience stores have grown in popularity over the past five years, as more Americans have returned to work and, in turn, 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 to increase sales. Among these changes is a significant increase in the amount of prepared and healthful food offerings made available to consumers. Industry revenue is anticipated to grow an annualized 1.5% to $28.1 billion in the five years to 2016, including growth of 1.2% in 2016.

While the industry has experienced steady growth over the five-year period, operators have encountered some hurdles as well... 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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