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Gas Stations in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Gas Stations in Canada Market Research Report | NAICS 44719CA | Oct 2016

Half empty: The industry will experience subdued growth as competition increases

IBISWorld’s Gas 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.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$32bn
Annual Growth 11-16
-4.1%
Annual Growth 16-21
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Profit
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Employment
37,086
Businesses
3,509
Industry Analysis & Industry Trends

Over the past five years, the Gas Stations industry has experienced revenue volatility as crude oil prices plummeted. Due to the nondiscretionary nature of 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 for diesel rose, a double-digit decrease in crude oil prices has contributed to an overall decline in revenue for the industry. Consequently, industry revenue is expected to decrease over the five years to 2016. In the next five years, the industry's performance is expected to remain tepid, as competition grows... purchase to read more

Industry Report - Industry Investment Chapter

The Gas Stations industry is moderately capital-intensive. Using wages as a proxy for labour and depreciation as a proxy for capital, IBISWorld estimates that for every dollar spent on labour in the industry, $0.29 will be spent on capital in 2016. Considerable capital is needed to purchase fixed assets, including retail facilities, dispensers, storage tanks, pumps and point of sale systems. Capital intensity increases as operators expand their stations and replace old equipment. During this five-year period, operators divested their facilities and waited longer to replace old equipment, causing depreciation's share of revenue to remain stagnant. Wages' share of revenue also declined, as operators tried to maintain operating costs to lift profit margins. Fur.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Gas Stations Industry?

This industry comprises establishments primarily engaged in retailing gasoline, diesel fuel and automotive oils. More specifically, this industry excludes gasoline stations operated 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.

Industry Products
Regular gasolineMidgrade and premium gasolineDiesel fuelAutomotive parts and services
 
Industry Activities
Selling automotive fuels (e.g. diesel fuel and gasoline)Selling automotive goodsProviding automotive repair services


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