Industry Analysis & Industry Trends
As the US economy gains steam, more consumers are expected to hit the road and demand gasoline. Furthermore, strong economic growth will push up demand for crude oil, thus paving the way for higher industry revenue. Although the majority of industry revenue is earned through gasoline sales, store owners are increasingly reliant on convenience store sales because in-store products are more profitable than gasoline... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Gas Stations with Convenience Stores industry is in the mature stage of its life cycle. Industry value added (IVA), which measures an industry's contribution to the overall economy, is forecast to grow an annualized rate of 2.3% over the 10 years to 2021. Comparatively, GDP is expected to grow at a faster average annual rate of 3.8% during the same period.
Although the industry is growing as more existing gas stations add convenience stores to obtain the considerably higher profit margins earned from selling merchandise, effectively reclassifying them from the Gas Stations industry (IBISWorld Report 44719) to the Gas Stations with Convenience Stores industry, other factors point to the maturity of this industry... purchase to read more