Gas Stations in Canada - Industry Market Research Report

Gas Stations in Canada - Industry Market Research Report

Gas Stations in Canada

The Gas Stations industry in Canada has been very volatile throughout 2023, reflecting the movements of underlying crude oil prices worldwide. Due to the relatively inelastic demand for 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 from consumers grew, causing sales of diesel and gasoline to rise, sharp declines in the price of crude oil in 2020 contributed to a decline in revenue for the industry. As a result, industry revenue is expected to decrease at a CAGR of 2.2% to $39.8 billion over the five years to 2023, including a 0.1% increase in 2023 alone.

The Gas Stations industry in Canada comprises establishments primarily engaged in retailing gasoline, diesel fuel and automotive oils. More specifically, this industry excludes gasoline stations that operate 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.

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.