Full tank: The industry has benefitted from growth in per capita disposable income and consumer spending

Operators in the Gas Stations with Convenience Stores industry in Ohio are a one-stop shop for drivers, typically offering gasoline and diesel fuel, as well as prepackaged and ready-to-eat foods, automotive accessories, alcohol, tobacco products and other sundries. Over the five years to 2018, industry revenue has experience mitigated growth, primarily the result of significant declines in the world price of crude oil. When the world price of crude oil declines, as it has for most of the five-year period, industry revenue is pressured, while profit margins grow as a result of lower purchase costs. As a result, revenue has grown at an annualized rate of just 1.8% during the period to $20.8...purchase to read more.

Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 13-18
1.8%
Forecast Growth 18-23
Profit
Employment
34,149
Businesses
3,636

Industry Threats & Opportunities

  • A higher world price of crude oil and increases in per capita disposable income and consumer spending will drive growth
  • Industry Report - Industry Investment Chapter

    ***This section is not used for US State reports***...purchase to read more.

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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gas Stations with Convenience Stores in Ohio 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 Ohio in the Gas Stations with Convenience Stores in Ohio industry impact industry performance..

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    What's in this report

    What is the Gas Stations with Convenience Stores in Ohio 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. This industry is distinct from the Convenience Stores industry (IBISWorld report 44512) and the Gas Stations industry (IBISWorld report 44719). 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 Ohio
  • Consumer spending in Ohio
  • 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 Ohio 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
  • Other
  • Groceries
  • Mid-grade and premium gasoline
  • Diesel
  • Chart: Gas Stations with Convenience Stores in Ohio 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 aged 65 and older
  • Consumers under the age of 25
  • Chart: Major Market Segmentation for the Gas Stations with Convenience Stores in Ohio 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 Ohio

  • Basis of Competition
    Barriers to Entry
    Marathon Petroleum Corporation, Sunoco, Alimentation Couche-Tard Inc., Sheetz Inc.,
  • Table: Marathon Petroleum Corporation - financial performance
  • Table: Sunoco - financial performance
  • Table: Alimentation Couche-Tard Inc. - financial performance
  • Table: Sheetz Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gas Stations with Convenience Stores in Ohio 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 Ohio 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 mid-range 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 Gas Stations with Convenience Stores in Ohio Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Gas Stations with Convenience Stores in Ohio industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gas Stations with Convenience Stores in Ohio:
    • 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 Ohio 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 Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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