$503.4bn
$X.Xbn
891k
63,556
$XX.Xbn
Over the past five years, the Gas Stations with Convenience Stores industry has faced significant challenges because of fluctuating fuel prices, substantially influenced by global events like the COVID-19 pandemic, supply chain disruptions and geopolitical unrest. These fluctuations led to challenges in striking a balance between maximizing profit and maintaining competitive retail prices. Also, growing consumer inclination toward fuel-efficient and electric vehicles has begun to influence industry dynamics, posing a threat to retail gasoline sales. However, the industry showed resilience by shifting its focus to a more stable and predictable revenue source of convenience store sales. Industry operators expanded their product lines, spurred by an increase in overall consumer spending. Many gas stations transitioned from mere fuel stops to comprehensive service centers, offering a diverse range of products and services. As a result, industry revenue is expected to increase at a CAGR of 1.6% to $503.4 billion over the five years to 2024, including an expected increase of 1.0% in 2024 alone.
Industry revenue has grown at a CAGR of 1.6 % over the past five years, to reach an estimated $503.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Alimentation Couche-Tard Inc. | 42,328.1 | 5,132.3 | 12.1 | |
7-Eleven, Inc. | 35,852.0 | 1,950.7 | 5.4 | |
Casey's General Stores, Inc. | 8,707.2 | 2,356.4 | 27.1 |
To view the market share and analysis for all 7 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Regular gasoline, Groceries and Midgrade and premium gasoline. Regular gasoline is the largest segment of the Gas Stations with Convenience Stores in the US.
Fuel is the dominant product for the industry
Industry operators sell automotive fuels such as gasoline and diesel from stations that are collocated with convenience stores or food marts. They may also provide automotive repair services. This industry is distinct from the Convenience Stores (IBISWorld report 44512) Gas Stations (44719) industries.
Purchase this report to view all 7 major companies in this industry.
NAICS 44711 - Gas Stations with Convenience Stores 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.
Volatile oil prices over the past five years have significantly impacted the industry. Prices have been extremely volatile because of COVID-19, supply chain disruptions and g...
Learn about an industry's products and services, markets and trends in international trade.
Fuel sales dominate products sold by gas stations. Many consumers fill up their vehicle's gas tank at least once a week, keeping demand strong and consistent.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast and the Southwest account for the largest share of gas stations with convenience stores. Demand for gas stations is high in these regions because of their depen...
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.
Gas stations compete heavily on price. Fuel is a homogenous product, so downstream consumers typically seek out the lowest prices, especially when oil prices soar globally.
Learn about the performance of the top companies in the industry.
ACT is the largest company and is actively growing. The company acquired The Pantry in 2015 and CST in 2017 to increase its market share.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
There are a large number of regulations that impact gas stations with convenience stores. Most regulations revolve around environmental protection, but FDA regulations also p...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases dominate the cost structure of gas stations with convenience stores. The directionality of purchase costs is heavily dependent on fuel costs, which make up the bulk...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Gas Stations with Convenience Stores in the US industry in United States is $503.4bn in 2024.
There are 63,556 businesses in the Gas Stations with Convenience Stores in the US industry in United States, which has grown at a CAGR of 0.2 % between 2019 and 2024.
The market size of the Gas Stations with Convenience Stores in the US industry in United States has been growing at a CAGR of 1.6 % between 2019 and 2024.
Over the next five years, the Gas Stations with Convenience Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Gas Stations with Convenience Stores market in United States are Alimentation Couche-Tard Inc., 7-Eleven, Inc. and Casey's General Stores, Inc.
Regular gasoline and Groceries are part of the Gas Stations with Convenience Stores in the US industry.
The company holding the most market share in United States is Alimentation Couche-Tard Inc..
The level of competition is high and steady in the Gas Stations with Convenience Stores in the US industry in United States.