$35.8bn
$X.Xbn
35,567
2,546
$XXX.Xm
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.
Industry revenue has declined at a CAGR of 0.2 % over the past five years, to reach an estimated $35.8bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($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 |
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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.
Gasoline sales drive industry revenue
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.
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NAICS 447190 - Gas Stations in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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...
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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...
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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...
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.
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.
Learn about the performance of the top companies in the industry.
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.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
A bevy of rules govern companies that work with fuel sales. Most regulations on gas stations are mandated and monitored at the federal level.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profitability across the industry is low. Despite rising global oil prices, profit has slumped because of heightened competition with other retailers.
Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Gas Stations industry in Canada is $35.8bn 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.
The market size of the Gas Stations industry in Canada has been declining at a CAGR of 0.2 % between 2019 and 2024.
Over the next five years, the Gas Stations industry in Canada is expected to decline.
The biggest companies operating in the Gas Stations market in Canada are Imperial Oil, Royal Dutch Shell PLC and Parkland Fuel Corporation
Selling automotive fuels (e.g. diesel fuel and gasoline) and Selling automotive goods are part of the Gas Stations industry.
The company holding the most market share in Canada is Imperial Oil.
The level of competition is high and increasing in the Gas Stations industry in Canada.