Running out of fuel: Oil prices are set to stabilise in 2023, resulting in a drop in revenue for petrol stations
Over the five years through 2023, industry revenue is expected to increase at a compound annual rate of 3.5%, to reach €3.6 billion, despite a drop of 8.6% in the current year. The Petrol Stations have undergone a turbulent period. Growing environmental concerns and rising demand for hybrid and electric cars have pushed external competition to the industry. Revenue grew over the two years through 2019, as rising fuel prices, the expansion of value-added products and services, such as attached convenience stores, and rising disposable incomes supported revenue.
Operators in this industry sell automotive fuel such as petrol, diesel, autogas and alternative fuels directly to consumers. The majority of petrol stations also operate convenience stores and additional services such as car-washing facilities. A significant proportion of sales are made to drivers of heavy goods vehicles. Buses and coaches are not included in the industry as these often go through wholesalers rather than retail forecourts.
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.
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Valero Energy (Ireland) Ltd
- McMullan Bros. Ltd
- Applegreen Ltd
- Hillingdon Investment Company Unlimited
- Circle K Ireland Fuels Ltd
Methodology
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