$49.0bn
$X.Xbn
81,982
4,126
$X.Xbn
Fuel dealers have exhibited revenue growth as demand has remained stable and oil and natural gas prices have fluctuated favorably. However, the COVID-19 pandemic disrupted demand for fuel from commercial and industrial operations as they shuttered or operated at reduced capacity. Oil prices plummeted amid the suspension of most travel and revenue plunged in 2020. Oil consumption from consumers quarantined at home helped stave off more severe losses, but this boon was dampened as most states were getting warmer through the height of stay-at-home ordinances. The Russia-Ukraine war has caused oil prices to surge since early 2022, but revenue has begun to decline again as production catches up. Revenue for fuel dealers is expected to climb at a CAGR of 2.9% to $49.0 billion through the end of 2024, including growth of 1.7% in 2024 alone.
Industry revenue has grown at a CAGR of 2.9 % over the past five years, to reach an estimated $49.0bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Amerigas Partners Lp | 1,547.9 | 327.2 | 21.1 |
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Industry revenue is measured across several distinct product and services lines, including Propane, Heating oil and Other household fuels. Propane is the largest segment of the Fuel Dealers in the US.
Propane accounts for a large share of revenue
This industry sells heating oil, propane and other fuels directly to end users. Related companies also deliver heating oil, propane and other fuels, such as autogas and kerosene, to domestic and commercial premises.
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NAICS 45431 - Fuel Dealers in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
High oil prices have brought revenue growth for fuel dealers. Skyrocketing prices in the wake of the pandemic and a shortage amid the Russia-Ukraine war have made oil much mo...
Learn about an industry's products and services, markets and trends in international trade.
Fuel dealers mainly sell propane and heating oil. They also sell small quantities of diesel fuel, regular unleaded gasoline and other types of liquefied petroleum gas.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most fuel dealers are found in populated regions, as a greater population uses more fuel for heating and powering vehicles and machinery. Regions with harsher climates tend t...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry contends with growing competition from other heating systems. More households are switching to central electric heating because of its safety and advancement, wh...
Learn about the performance of the top companies in the industry.
Only one company has more than 5.0% of the market share. The industry's high capital requirements partially limit competition.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Fuel dealers don't receive direct government assistance. However, some government programs that make fuel more affordable for certain consumers can help spur demand.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Large fuel dealers can achieve higher profits. Companies like AmeriGas have large-scale economies and engage in mergers and acquisitions, boosting operational efficiency.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Fuel Dealers in the US industry in United States is $49.0bn in 2024.
There are 4,126 businesses in the Fuel Dealers in the US industry in United States, which has declined at a CAGR of 10.7 % between 2019 and 2024.
The market size of the Fuel Dealers in the US industry in United States has been growing at a CAGR of 2.9 % between 2019 and 2024.
Over the next five years, the Fuel Dealers in the US industry in United States is expected to decline.
The biggest company operating in the Fuel Dealers market in United States is Amerigas Partners Lp
Propane and Heating oil are part of the Fuel Dealers in the US industry.
The company holding the most market share in United States is Amerigas Partners Lp.
The level of competition is high and increasing in the Fuel Dealers in the US industry in United States.