Gas Stations in Canada - Industry Market Research Report
Description
Gas Stations in Canada
The Gas Stations industry in Canada has been very volatile throughout 2023, reflecting the movements of underlying crude oil prices worldwide. Due to the relatively inelastic demand for vehicle fuel, demand does not significantly decline when prices rise. However, as lower crude oil prices caused operators to lower the retail price of gasoline, revenue was negatively affected. Even as the trucking sector recovered and demand from consumers grew, causing sales of diesel and gasoline to rise, sharp declines in the price of crude oil in 2020 contributed to a decline in revenue for the industry. As a result, industry revenue is expected to decrease at a CAGR of 2.2% to $39.8 billion over the five years to 2023, including a 0.1% increase in 2023 alone.
The Gas Stations industry in Canada comprises establishments primarily engaged in retailing gasoline, diesel fuel and automotive oils. More specifically, this industry excludes gasoline stations that operate in conjunction with a restaurant or other type of operation, such as convenience stores. Establishments that operate restaurants or convenience store franchises on behalf of their owners are also not included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The Gas Stations industry in Canada has been very volatile throughout 2023, reflecting the movements of underlying crude oil prices worldwide. Due to the relatively inelastic demand for vehicle fuel, demand does not significantly decline when prices rise. However, as lower crude oil prices caused operators to lower the retail price of gasoline, revenue was negatively affected. Even as the trucking sector recovered and demand from consumers grew, causing sales of diesel and gasoline to rise, sharp declines in the price of crude oil in 2020 contributed to a decline in revenue for the industry. As a result, industry revenue is expected to decrease at a CAGR of 2.2% to $39.8 billion over the five years to 2023, including a 0.1% increase in 2023 alone.
The Gas Stations industry in Canada comprises establishments primarily engaged in retailing gasoline, diesel fuel and automotive oils. More specifically, this industry excludes gasoline stations that operate in conjunction with a restaurant or other type of operation, such as convenience stores. Establishments that operate restaurants or convenience store franchises on behalf of their owners are also not included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
35 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
