Gas Stations with Convenience Stores in Massachusetts
Boosted by growth in per capita disposable income in the state and the total number of vehicle miles, revenue for operators in the Gas Stations with Convenience Stores in Massachusetts has been relatively positive over the five years to 2018. Higher consumer spending has also led to greater purchases of in-store goods, such as groceries, as well as of premium-grade gasoline. Increased sales of these higher-margin goods have contributed to increased industry profit during the five-year period. Over the five years to 2023, customers are expected to spend more at industry establishments as a result of increases in consumer spending in Massachusetts and the total number of vehicle miles. Industry establishment growth is expected to follow suit.
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. Major oil producers that franchise out most of their convenience operations are not included, unless they own and operate a significant number of sites.
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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