Industry Analysis & Industry Trends
Operators in the Petrol Stations industry have endured a turbulent past five years. Rising competition within the industry has negatively affected industry profit. Additionally, increased public concern over environmental issues has encouraged some drivers to switch to more fuel-efficient diesel-powered cars while other consumers limited their fuel consumption in favour of public transport, hampering industry revenue growth. IBISWorld anticipates that industry revenue will fall at a compound annual rate of 3.7% over the five years through 2016-17 to reach £18.2 billion. The largest product segments for operators are diesel and petrol... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Petrol Stations industry is in the decline phase of its life cycle. The value that the industry adds to the economy is forecast to decline at a compound annual rate of 2.3% over the 10 years through 2021-22, while GDP is expected to grow at a compound annual rate of 2.3% over the same period. Petrol stations have been underperforming the economy because of changes in British attitudes towards driving cars. Concerns about the environment have encouraged consumers to drive less and demand more fuel-efficient vehicles. As a result, demand for petrol has been decreasing and the number of petrol stations is expected to continue falling.
The market is highly saturated, with the six largest operators being estimated to account for 58.1% of industry revenue in the current year. Com.. purchase to read more