Fill ‘er up: Rising consumer spending has bolstered industry growth

Boosted by growth in per capita disposable income in the state and the total number of vehicle miles, revenue for operators in the Gas Stations with Convenience Stores in Massachusetts has been relatively positive over the five years to 2018. Higher consumer spending has also led to greater purchases of in-store goods, such as groceries, as well as of premium-grade gasoline. Increased sales of these higher-margin goods have contributed to increased industry profit during the five-year period. Over the five years to 2023, customers are expected to spend more at industry establishments as a result of increases in consumer spending in Massachusetts and the total number of vehicle miles. Industry establishment growth is expected to follow suit...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 13-18
2.8%
Forecast Growth 18-23
Profit
Employment
10,352
Businesses
1,497

Industry Threats & Opportunities

  • Attracted to this growing and increasingly profitable industry, new companies are expected to enter
  • Industry Report - Industry Locations Chapter

    Establishment locations in the Gas Stations with Convenience Stores industry in Massachusetts typically follow a pattern: expansive regions where the population is more spread out, requiring more vehicle travel, are home to more establishments per capita than densely populated regions. For example, the North Shore-North region is home to just 4.8% of the state’s population but 25.8% of industry establishments. The two counties that make up the region, Middlesex and Essex, each have an estimated 0.14 establishments per 1,000 residents. Conversely, the Plymouth-South region comprises 15.7% of the population but 21.4% of industry establishments. Bristol and Plymouth counties, which comprise the Plymouth-South region, have an estimated 0.27 and 0.24 e...purchase to read more.

    Additional Insights for the Gas Stations with Convenience Stores in Massachusetts Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gas Stations with Convenience Stores in Massachusetts Industry are

  • Proximity to high traffic areas
  • Supply contracts in place for key inputs
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as World price of crude oil and Number of adults aged 20 to 64 in Massachusetts in the Gas Stations with Convenience Stores in Massachusetts industry impact industry performance..

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    What's in this report

    What is the Gas Stations with Convenience Stores in Massachusetts Industry?

    Industry operators sell automotive fuels such as gasoline and diesel from stations that are collocated with convenience stores or food marts. They may also provide automotive repair services. Major oil producers that franchise out most of their convenience operations are not included, unless they own and operate a significant number of sites.

    Industry Products
  • Groceries
  • Regular gasoline
  • Mid-grade and premium gasoline
  • Diesel
  • Industry Activities
  • Retailing automotive fuels (e.g. gasoline, diesel fuel)
  • Retailing a limited assortment of food, beverages and sundries
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of crude oil
  • Number of adults aged 20 to 64 in Massachusetts
  • Consumer spending in Massachusetts
  • Total vehicle miles
  • Tax credits for energy efficiency

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gas Stations with Convenience Stores in Massachusetts Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Local Freight Trucking
  • Local Specialized Freight Trucking
  • Public Transportation
  • Consumers

  • Key Selling Industries
  • Cigarette & Tobacco Products Wholesaling
  • Gasoline & Petroleum Wholesaling
  • Grocery Wholesaling

  • Products & Services
  • Regular gasoline
  • Mid-grade and premium gasoline
  • Other
  • Groceries
  • Diesel
  • Chart: Gas Stations with Convenience Stores in Massachusetts Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 35 to 44
  • Consumers aged 45 to 54
  • Consumers aged 55 to 64
  • Consumers aged 25 to 34
  • Consumers under the age of 25
  • Consumers aged 65 and older
  • Chart: Major Market Segmentation for the Gas Stations with Convenience Stores in Massachusetts Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Gas Stations with Convenience Stores in Massachusetts

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gas Stations with Convenience Stores in Massachusetts Industry

  • Sunoco, Cumberland Farms, 7-Eleven Inc., Alimentation Couche-Tard Inc.,
  • Table: Sunoco - financial performance
  • Table: Cumberland Farms - financial performance
  • Table: 7-Eleven Inc. - financial performance
  • Table: Alimentation Couche-Tard Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gas Stations with Convenience Stores in Massachusetts Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Gas Stations with Convenience Stores in Massachusetts Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • World price of crude oil (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Diesel
  • A midrange petroleum product (with a higher boiling point than gasoline) typically used as a fuel for internal combustion engines.
  • Hybrid Vehicle
  • A vehicle that uses two different power sources to run, in most cases referring to an electric battery in conjunction with a gasoline engine.
  • Major Oil Company
  • A large vertically integrated firm that refines and wholesales petroleum products and may also pump oil and retail fuel.
  • Octane Rating
  • A standard measure of the performance of motor fuel. The higher the octane number, the more compression the fuel can withstand, signifying higher-performing fuel.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Gas Stations with Convenience Stores in Massachusetts contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Gas Stations with Convenience Stores in Massachusetts:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gas Stations with Convenience Stores in Massachusetts market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gas Stations with Convenience Stores in Massachusetts, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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