Gas Stations in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS 44719CARevenue
$35.8bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
35,567
Businesses
2,546
Wages
$XXX.Xm
Gas Stations in Canada industry analysis
Canadian gas stations have endured significant volatility in recent years, reflecting the movements of global crude oil prices. In response to the relatively inelastic demand for vehicle fuel, sales don't significantly slump when prices swell. However, as lower crude oil prices caused gas stations to lower the retail price of gasoline, revenue was negatively affected. While oil prices soared in 2021 and 2022, heightened competition has prevented revenue levels from returning to pre-pandemic levels. Growing competition has also contributed to a loss in profit despite a slump in wage costs. Revenue for gas stations is expected to slide at a CAGR of 0.2% to $35.7 billion through the end of 2024, despite a jump of 1.3% in 2024.
Trends and Insights
- Volatile oil prices have translated to fluctuations at the pump. Revenue has contracted in response to the massive volatility in oil prices caused by the pandemic and geopolitical instability.
- Retail sales of automotive fuel account for a majority of gas station revenue. Regular fuel generates the largest share of revenue because it's the most common fuel for automobiles.
- Ontario and Quebec contain the majority of establishments, accounting for more than 60.0% of the Canadian population. The only other provinces representing more than 10.0% of establishments are Alberta and British Columbia.
- Gas stations compete heavily on price. Fuel is a homogenous product, so downstream consumers typically seek out the lowest prices, especially when oil prices soar globally.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.2 % over the past five years, to reach an estimated $35.8bn in 2024.
Trends and Insights
Gas stations have seen highs and lows as oil prices fluctuate
- The world price of crude oil has increased rapidly in recent years, though overall growth masks tremendous volatility. The economic landscape deteriorated considerably in 2020 because of the COVID-19 pandemic, undermining demand for oil.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
As the economy expands, fuel demand will be steady
- Gas station revenue will be boosted by rising per capita disposable income and an increase in road travel by Canadians. Growth in disposable income will enable consumers to purchase higher grades of vehicle fuel, increasing revenue per customer.
Biggest companies in the Gas Stations in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Imperial Oil | 9,070.6 | 430.3 | 4.7 | |
Royal Dutch Shell PLC | 3,407.5 | 123.5 | 3.6 | |
Parkland Fuel Corporation | 3,094.6 | 46.8 | 1.5 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Gasoline, Diesel fuel and Parts, repairs and other services. Gasoline is the largest segment of the Gas Stations in Canada.
Trends and Insights
Gasoline sales drive industry revenue
- Regular, midgrade and premium gasoline sales account for a majority share of Canadian gas stations' revenue. Regular gasoline is the most popular option, accounting for more than 50.0% of industry sales.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Gas Stations with Convenience Stores in Canada
Complementors
- Convenience Stores in Canada
- Auto Mechanics in Canada
- Car Body Shops in Canada
International industries
- Global Oil & Gas Exploration & Production
- Global Oil and Gas Refining and Marketing
- Gas Stations in the US
- Fuel Retailing in Australia
- Fuel Retailing in New Zealand
Table of Contents
About this industry
Industry definition
Gas stations primarily retail gasoline, diesel fuel and automotive oils. This industry excludes gasoline stations that operate in conjunction with restaurants or other types of operations, such as convenience stores. Establishments that operate restaurants or convenience store franchises on behalf of their owners are also excluded from the industry.
What's included in this industry?
Selling automotive fuels (e.g. diesel fuel and gasoline)Selling automotive goodsProviding automotive repair servicesCompanies
Imperial OilRoyal Dutch Shell PLCParkland Fuel CorporationPurchase this report to view all 4 major companies in this industry.
Related Terms
GASOLINEDIESELHYBRIDSWIPE FEEIndustry Code
NAICS 447190 - Gas Stations in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Volatile oil prices have translated to fluctuations at the pump. Revenue has contracted in response to the massive volatility in oil prices caused by the pandemic and geopoli...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Retail sales of automotive fuel account for a majority of gas station revenue. Regular fuel generates the largest share of revenue because it's the most common fuel for autom...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Ontario and Quebec contain the majority of establishments, accounting for more than 60.0% of the Canadian population. The only other provinces representing more than 10.0% of...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Gas stations compete heavily on price. Fuel is a homogenous product, so downstream consumers typically seek out the lowest prices, especially when oil prices soar globally.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Imperial Oil is the largest company in the industry. The company's share of retail revenue is moderate, primarily because of its large upstream production presence.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Imperial Oil's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Royal Dutch Shell PLC's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Parkland Fuel Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Imperial Oil, and factors influencing its performance in the industry
- Description and key data for Royal Dutch Shell PLC, and factors influencing its performance in the industry
- Description and key data for Parkland Fuel Corporation, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
A bevy of rules govern companies that work with fuel sales. Most regulations on gas stations are mandated and monitored at the federal level.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profitability across the industry is low. Despite rising global oil prices, profit has slumped because of heightened competition with other retailers.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Gas Stations industry in Canada in 2024?
The market size of the Gas Stations industry in Canada is $35.8bn in 2024.
How many businesses are there in the Gas Stations in Canada industry in 2024?
There are 2,546 businesses in the Gas Stations industry in Canada, which has declined at a CAGR of 1.6 % between 2019 and 2024.
Has the Gas Stations industry in Canada grown or declined over the past 5 years?
The market size of the Gas Stations industry in Canada has been declining at a CAGR of 0.2 % between 2019 and 2024.
What is the forecast growth of the Gas Stations industry in Canada over the next 5 years?
Over the next five years, the Gas Stations industry in Canada is expected to decline.
What are the biggest companies in the Gas Stations market in Canada?
The biggest companies operating in the Gas Stations market in Canada are Imperial Oil, Royal Dutch Shell PLC and Parkland Fuel Corporation
What does the Gas Stations in Canada include?
Selling automotive fuels (e.g. diesel fuel and gasoline) and Selling automotive goods are part of the Gas Stations industry.
Which companies have the highest market share in the Gas Stations in Canada?
The company holding the most market share in Canada is Imperial Oil.
How competitive is the Gas Stations industry in Canada?
The level of competition is high and increasing in the Gas Stations industry in Canada.
