Gas Stations with Convenience Stores in Canada
For the Gas Stations with Convenience Stores industry in Canada, the five years to 2019 has been defined by two countervailing trends, which include greater demand for vehicle fuel and lower crude oil prices. Economic growth translates to greater consumer travel for work and leisure, which drives demand for vehicle fuel. However, falling oil prices negatively affected industry revenue during the first half of the period. Still, the industry has been quick to recover as the world price of crude oil recovered in 2017. Consumers have reduced their dependence on fossil fuels, as shown by the improvements made in the fuel efficiency of new vehicles amid rising environmental consciousness. This threat to industry revenue is expected to gather force due to the continual reductions associated with fuel-efficient car ownership.
This industry is composed of establishments that retail automotive fuels and a limited line of merchandise in a convenience store setting. Industry establishments may also provide automotive repair services. This industry is distinct from the Convenience Stores industry in Canada and the Gas Stations industry in Canada (IBISWorld reports 44512CA and 44719CA, respectively).
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.
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