Gas Stations with Convenience Stores in Canada - Industry Market Research Report

Gas Stations with Convenience Stores in Canada - Industry Market Research Report
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.