Filling up: Domestic oil prices are anticipated to rise slightly, benefiting profit margins

Companies in the Gasoline and Petroleum Bulk Stations industry in Canada manage bulk storage tanks and terminals for crude oil and petroleum products such as gasoline, diesel fuel, fuel oil and liquid petroleum gases. These bulk stations are often located near major refineries, ports and industrial centres to quickly and efficiently receive product and unload it to customers. These stations play an important role in the supply chain of crude oil and petroleum products. Industry performance was booming in the years leading up to the reporting period in response to continued expansion in domestic oil production alongside sharp growth in global oil prices. Over the five years to 2024, the industry is forecast to continue its rebound...read more.

Industry Statistics & Market Size
Revenue
$203bn
Annual Growth 14-19
-2.8%
Forecast Growth 19-24
Profit
Employment
10,750
Businesses
866

Industry Threats & Opportunities

  • Domestic oil production is forecast to rise, bolstering the volume of oil and petroleum products supplied by operators
  • Volatility in oil prices has made it difficult for wholesalers to maximize profit
  • Demand from truck transportation and water transportation will grow
  • Industry Report - Starting a New Business Chapter

    High barriers to entry protect incumbent players. Petroleum bulk stations require significant capital resources during the construction process, making it difficult for small operators to participate in the Gasoline and Petroleum Bulk Stations industry in Canada. Additionally, prospective entrants must navigate extensive government regulations, which increase start-up costs. Successful operators also require strong relationships with upstream petroleum product suppliers, further raising the barriers to entry.Over the five years to 2019, capital costs have increased, thereby raising barriers to entry. Terminals and bulk stations embraced facility automation, inventory management and other labour-saving technologies. As ...purchase to read more.

    Additional Insights for the Gasoline & Petroleum Bulk Stations Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gasoline & Petroleum Bulk Stations Industry are

  • Ability to accommodate environmental requirements
  • Having strong upstream links
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as World price of crude oil and Total vehicle-kilometres in the Gasoline & Petroleum Bulk Stations industry impact industry performance..

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    What's in this report

    What is the Gasoline & Petroleum Bulk Stations Industry?

    This industry manages and operates bulk-storage facilities for petroleum products and wholesales those products in bulk to smaller petroleum distributors, electricity generators and gasoline stations.

    Industry Products
  • Light crude oil
  • Heavy crude oil
  • Pentane plus
  • Motor gasoline
  • Distillate fuel
  • Heavy fuel oil
  • Jet fuel
  • Other petroleum products
  • Industry Activities
  • Operating bulk storage tanks
  • Operating crude oil bulk stations
  • Operating gasoline bulk stations
  • Operating liquefied-petroleum gas bulk stations
  • Operating petroleum bulk stations and terminals
  • Operating heating oil bulk stations
  • 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-kilometres
  • Value of nonresidential construction
  • Industrial capacity utilization

  • Current Performance
  • Volatile prices
  • Ongoing capacity insufficiencies
  • Profit pressures
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising global demand for oil
  • Domestic economic growth
  • Infrastructure uncertainties
  • Profit
  • Table: Gasoline & Petroleum Bulk Stations Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gasoline & Petroleum Bulk Stations Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Petroleum Refining in Canada
  • Petrochemical Manufacturing in Canada
  • Plastic & Resin Manufacturing in Canada
  • Gasoline & Petroleum Wholesaling in Canada
  • Gas Stations in Canada

  • Key Selling Industries
  • Lubricant Oil Manufacturing in Canada
  • Oil & Gas Pipeline Construction in Canada
  • Oil Drilling & Gas Extraction in Canada
  • Petroleum Refining in Canada
  • Tank & Refrigeration Trucking in Canada

  • Products & Services
  • Light crude oil
  • Heavy crude oil
  • Distillate fuel
  • Motor gasoline
  • Other petroleum products
  • Heavy fuel oil
  • Pentane plus
  • Jet fuel
  • Chart: Gasoline & Petroleum Bulk Stations Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Gasoline and petroleum wholesalers
  • Retailers for resale
  • Other
  • Chart: Major Market Segmentation for the Gasoline & Petroleum Bulk Stations Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Gasoline & Petroleum Bulk Stations

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gasoline & Petroleum Bulk Stations Industry

  • Industry Globalization
    Shell Canada Limited, Imperial Oil Limited, Suncor Energy Inc.,
  • Table: Shell Canada Limited - financial performance
  • Table: Imperial Oil Limited - financial performance
  • Table: Suncor Energy Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gasoline & Petroleum Bulk Stations 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 Gasoline & Petroleum Bulk Stations Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • World price of crude oil (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bulk Station
  • A facility used to store petroleum products, typically consisting of tanks with total capacity of between 10,000 and 50,000 barrels.
  • Feedstock
  • The raw material used to supply or fuel a machine or industrial process.
  • Terminal
  • A facility used to store petroleum products, typically with total storage capacity of 50,000 barrels or more.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Gasoline & Petroleum Bulk Stations market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gasoline & Petroleum Bulk Stations:
    • 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 Gasoline & Petroleum Bulk Stations 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 Gasoline & Petroleum Bulk Stations, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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