Inconvenient truth: Gas prices are expected to remain comparatively low, resulting in only moderate growth

The Gas Stations with Convenience Stores industry has experienced volatility over the five years to 2018. Industry revenue is heavily dependent on trends in gasoline sales and prices, as it is the industry's primary input. Drastic declines in the world price of crude oil for most of the period led industry revenue to fall until 2016. Although the world price of crude oil has since returned to growth, boosting revenue, gains have not been substantial enough to completely counteract the declines experienced prior to 2017. Demand for retail fuel is expected to grow in the five years to 2023 as the economy continues to grow. However, prices at gasoline pumps are expected to remain comparatively low, resulting in only moderate growth in the retail price of fuel...purchase to read more.

Industry Statistics & Market Size
Revenue
$411bn
Annual Growth 13-18
-2.6%
Forecast Growth 18-23
Profit
Employment
831,787
Businesses
107,792
Market Share of Companies

Industry Threats & Opportunities

  • Since the majority of the industry’s business is generated from consumers, consumer spending plays a major role in industry performance
  • Mounting credit card fees have continued to squeeze operators’ profit margins
  • Industry revenue is expected to benefit from steadily rising consumer income levels
  • Industry Report - Industry Analysis Chapter

    Revenue for the Gas Stations with Convenience Stores industry has changed in line with volatile fuel prices over the five years to 2018. The world price of crude oil, disposable income levels and driving habits have strong influences on industry revenue. While total vehicle miles and per capita disposable income have increased during the period, the world price of crude oil, the industry’s most significant revenue driver, has fallen substantially. As a result, industry revenue declined drastically early in the period. Although revenue has increased over the past two years, primarily the result of oil prices returning to growth in 2017, this growth will not be substantial enough to mitigate the declines experienced early in the period. Con...purchase to read more.

    Additional Insights for the Gas Stations with Convenience Stores Industry

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

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    What's in this report

    What is the Gas Stations with Convenience Stores 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
  • Regular gasoline
  • Groceries
  • Midgrade 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
  • Total vehicle miles
  • Consumer spending
  • Tax credits for energy efficiency

  • Current Performance
  • Crude oil prices rise and fall
  • Consumer trends
  • Profitability trends
  • Ownership reshuffles
  • Chart: Revenue Growth

  • Industry Outlook
  • Prices on the rise
  • Profit stability
  • Fuel efficiency challenges
  • Table: Gas Stations with Convenience Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gas Stations with Convenience Stores 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
  • Midgrade and premium gasoline
  • Groceries
  • Diesel
  • Chart: Gas Stations with Convenience Stores Industry Products and Services Segmentation

  • Demand Determinants
  • Economy
  • Price
  • Public transportation

  • Major Markets
  • Individuals aged 35 to 54
  • Individuals aged 55 to 64
  • Individuals aged 25 to 34
  • Individuals under age 25
  • Individuals aged 65 and over
  • Other consumers
  • Chart: Major Market Segmentation for the Gas Stations with Convenience Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Gas Stations with Convenience Stores

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gas Stations with Convenience Stores Industry

  • Industry Globalization
    Alimentation Couche-Tard Inc.,
  • Table: Alimentation Couche-Tard Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gas Stations with Convenience Stores 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 Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (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
    Table: Industry Financial Ratios
    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 company 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?

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    This report on Gas Stations with Convenience Stores:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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