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Report Overview

The United States market value is projected to grow at a CAGR of 2.8% between 2024 and 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

United States Service Stations Retail Sales Market Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million XX
Market Size 2032 USD Million XX
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 2.8%
CAGR 2024-2032 - Market by Region Southeast 2.8%
CAGR 2024-2032 - Market by Region New England 2.6%
CAGR 2024-2032 - Market by Fuel Type Alternative Fuels 3.1%
CAGR 2024-2032 - Market by Product Offering Alternative Fuels 3.2%
Market Share by Region Great Lakes 9.3%

United States Service Stations Retail Sales Market Outlook

The number of registered vehicles in the U.S. reached approximately 283.4 million in 2023, a slight increase from 270 million vehicles registered in 2022. In addition, 91.7% of the households in the country own at least one vehicle. This increase in vehicle ownership positively impacts the fuel demand and results in more service station visits, leading to growth of the United States service stations retail sales market. Furthermore, consumer spending on gasoline and other retail items increased by 15.5% from 2020 to 2021, according to the Bureau of Economic Analysis. This trend has benefitted service stations and contributed to market growth.

In addition, the National Association of Convenience Stores reported that convenience store sales reached USD 859.8 billion in 2023, with fuel sales accounting for approximately 68% of total revenue. As more convenience stores are constructed at service stations, retail sales will grow even further. Moreover, the service station sector has witness more than 200 mergers and acquisitions in recent years, influencing United States service stations retail sales market dynamics and trends.

Far West and Rocky Mountain Regions Hold a Larger United States Service Stations Retail Sales Market Share, Driven by Their High Vehicle Population

  • Across region, the Far West region is projected to lead with a CAGR of 3.2%, driven by a higher density of service stations and robust consumer spending on fuel and convenience items. 
  • The Rocky Mountain region follows with a CAGR of 3.0%, supported by growing populations and increasing vehicle ownership, which boosts fuel sales and ancillary retail purchases at service stations.
  • The Southwest (2.9%) and Southeast (2.8%) regions also show high service stations retail sales demand in United States due to expanding suburban areas and rising demand for fuel and convenience services. 
  • New England (2.6%) and the Mideast (2.4%) regions exhibit moderate growth, influenced by stable, mature markets with consistent demand. 
  • The Plains (2.2%) and Great Lakes (2.1%) regions are expected to see slower growth, likely due to less dynamic population growth and stable vehicle usage rates. 
  • These trends highlight regional differences in the demand for fuel and convenience retail services, influenced by population dynamics, economic activity, and vehicle ownership across the United States.
CAGR 2024-2032 - Market by Region
Southeast 2.8%
New England 2.6%
Mideast XX%
Plains XX%
Great Lakes XX%
Southwest 2.9%
Rocky Mountain 3.0%
Far West 3.2%

Expansion of Charging Infrastructure and Availability of Renewable Fuels at Service Stations is Bolstering United States Service Stations Retail Sales Market Growth

  • By fuel type, alternative fuels are projected to lead with a CAGR of 3.1%, reflecting the growing adoption of electric vehicles (EVs) and other alternative fuel vehicles, as well as the expansion of charging infrastructure and renewable fuel options at service stations. 
  • As per United States service stations retail sales industry analysis, diesel follows with a CAGR of 2.9%, supported by its continued use in commercial vehicles and heavy-duty transportation, despite the gradual shift towards cleaner energy sources. 
  • Gasoline is expected to grow at a slower rate, with a CAGR of 2.7%, as the market faces increasing competition from alternative fuels and a potential decline in demand due to the rising popularity of EVs.
  • These trends indicate a shift in consumer preferences and market dynamics, with a gradual move towards more sustainable fuel options while maintaining demand for traditional fuels, particularly in the commercial sector.

Addition of Convenience Stores at Service Stations is a Prominent United States Service Stations Retail Sales Market Trend

  • By product offering from 2024 to 2032 is expected to experience different growth rates across various categories. 
  • Convenience store products follow closely with a CAGR of 3.0%, reflecting the increasing consumer demand for on-the-go snacks, beverages, and other convenience items, which are becoming a significant revenue stream for service stations.
  • Automotive products are expected to grow at a CAGR of 2.9%, supported by the steady demand for vehicle maintenance items such as lubricants, car accessories, and spare parts. 
  • Food & beverage offerings, with a CAGR of 2.7%, continue to be a staple at service stations, catering to the needs of travelers and commuters looking for quick meals and refreshments, further increasing United States service stations retail sales market revenue. 
  • The others category, which includes additional services and products offered at service stations, is projected to grow at a slower rate, with a CAGR of 2.5%, indicating steady but less dynamic demand compared to the other categories. 
  • These trends highlight the diversification of product offerings at service stations, with a growing focus on alternative fuels and convenience store items as key drivers of growth.

Key Questions Answered in the Report:

  • How has the United States service stations retail sales market performed historically, and what are the growth expectations for the future? 
  • What are the primary factors influencing demand and growth in the United States service stations retail sales market? 
  • What are the key segments within the United States service stations retail sales market, and how are they expected to evolve over the forecast period? 
  • What are the major challenges and opportunities facing stakeholders in the United States service stations retail sales market? 
  • Who are the key players in the United States service stations retail sales market, and what strategies are they employing to maintain a competitive edge? 
  • What are the regulatory and policy factors influencing the United States service stations retail sales market globally or regionally? 
  • How competitive is the United States service stations retail sales market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers? 
  • What are the current trends shaping the United States service stations retail sales market landscape, and how are they expected to evolve in the future? 
  • How are technological advancements impacting the United States service stations retail sales market, and what role do innovation and R&D play in driving growth? 
  • What are the consumer preferences and buying behavior trends influencing the United States service stations retail sales market? 
  • How sustainable are current growth rates in the United States service stations retail sales market, and what factors could potentially disrupt these trends? 
  • What are the regional dynamics within the United States service stations retail sales market, and how do they contribute to overall market growth? 
  • What are the economic factors influencing the United States service stations retail sales market, such as GDP growth, inflation rates, and currency fluctuations? 
  • How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States service stations retail sales market? 
  • What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States service stations retail sales market? 
  • What are the regulatory and legal frameworks impacting the United States service stations retail sales market globally or in key regions? 
  • How are changing consumer lifestyles and preferences influencing product or service demand within the United States service stations retail sales market? 
  • What are the emerging market trends and niche opportunities within the United States service stations retail sales market that stakeholders should be aware of? 
  • How resilient is the United States service stations retail sales market to external shocks or disruptions, such as geopolitical tensions or natural disasters? 
  • What are the potential barriers to market entry and growth for new players in the United States service stations retail sales market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States service stations retail sales market spanning from 2018 to 2032.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States service stations retail sales market. 

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States service stations retail sales market. 

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares. 

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States service stations retail sales market landscape.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Fuel Type
  • Product Offering
  • Region
Breakup by Fuel Type
  • Gasoline
  • Diesel
  • Alternative Fuels
Breakup by Product Offering
  • Convenience Store Products
  • Automotive Products
  • Food and Beverage
  • Others
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ExxonMobil Corporation
  • Chevron Corporation
  • Shell Plc
  • BP Plc
  • 7-Eleven, Inc.
  • Speedway LLC
  • Others

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+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124