Gas Stations with Convenience Stores in Canada - Industry Market Research Report
Description
Gas Stations with Convenience Stores in Canada
The Gas Stations with Convenience Stores industry in Canada has been defined by volatile crude oil prices and economic uncertainty. Consumer demand declined with a decrease in travel caused by the COVID-19 pandemic in 2020, although the recovery of the global economy beginning in 2021 led to a massive rise in the world price of crude oil. Rising oil prices increased revenue as prices were passed down to consumers. Subsequently, high crude oil prices and improving economic conditions have propelled the overall sales volumes. In 2023, tempering crude oil prices are expected to drag down sales at the pump again, with revenue contracting 5.5%. Industry revenue has been declining at a CAGR of 0.2% over the past five years and is expected to reach $29.9 billion in 2023.
The Gas Stations with Convenience Stores industry in Canada 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.
The Gas Stations with Convenience Stores industry in Canada has been defined by volatile crude oil prices and economic uncertainty. Consumer demand declined with a decrease in travel caused by the COVID-19 pandemic in 2020, although the recovery of the global economy beginning in 2021 led to a massive rise in the world price of crude oil. Rising oil prices increased revenue as prices were passed down to consumers. Subsequently, high crude oil prices and improving economic conditions have propelled the overall sales volumes. In 2023, tempering crude oil prices are expected to drag down sales at the pump again, with revenue contracting 5.5%. Industry revenue has been declining at a CAGR of 0.2% over the past five years and is expected to reach $29.9 billion in 2023.
The Gas Stations with Convenience Stores industry in Canada 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.
Table of Contents
40 Pages
- 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
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