United States (US) Forecourt Market Size and Forecast by Segment (Service Station, Car Wash, and Convenience and Foodservice) and Fuel Retailer Profiles, 2021-2026
The US forecourt market size was valued at $738.99 billion in 2021 and is expected to achieve a CAGR of more than 3% during 2022-2026. The outlook for total forecourt value is promising. Furthermore, convenience is growing in importance for US fuel retailers as many American consumers like to buy fresh food and other products while stopped at the forecourt. It is also crucial for forecourt operators to make service stations more attractive places in which to spend time and money.
The US forecourt market research report provides commercial (B2B) forecourt sales which includes fuel sales, car wash sales, convenience sales, and foodservice sales for 2017-2021 and forecasts to 2026.
US Forecourt Market Outlook
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US Forecourt Market Segmentation by Categories
The key categories in the US forecourt market are fuel, car wash, convenience retail, and foodservice. The fuel category had the highest market share in the US forecourt market in 2021.
Fuel: Shell is the largest fuel retailer in the US. The company has achieved this by offering its fuel at competitive prices and by equipping its service stations with other forecourt facilities such as car washes, shops, and foodservice. Retailers that have retained or strengthened their market positions in recent years have done so through site expansion, aggressive marketing via promotions and apps, increasing sales of higher-margin goods such as premium fuels, and store upgrades that make customer visits a more pleasant and worthwhile experience.
Car Wash: In 2020, the value of the car wash market declined due to COVID-19, but it recovered in 2021. Over the last decade, the US car wash market has become dominated by tunnel car washes, due mainly to their fully automatic nature and high-quality cleaning service. Another important factor is the large network of tunnel car washes across the country. The number of wash installations at forecourts rose during 2015–21 amid growing demand for car washes.
Convenience and Foodservice: Convenience sales add value to every visit to a fuel station. Major convenience chains such as Circle K and Kroger are focusing on expanding their forecourt networks in large markets, including the US. Furthermore, the increase in foodservice value can be attributed to fuel retailers’ forging of partnerships with food and drink brands. Additionally, several fuel retailers have invested in their own foodservice chains to differentiate their brands from others, increase profit margins, and develop a loyal customer base.
US Forecourt Market Analysis by Categories
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US Forecourt Market – Competitive Landscape by Fuel Retailers
Some of the leading fuel retailers in the US forecourt market are Shell, Esso, Circle K, Chevron, BP, Speedway, Marathon, Sunoco, CITGO, and Murphy USA. Shell was the leading fuel retailer in the US forecourt market in 2021.
US Forecourt Market Analysis by Fuel Retailers
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US Forecourt Market Report Overview
| Market Size (2021) | $738.99 billion |
| CAGR (2022-2026) | >3% |
| Key Categories | Fuel, Car Wash, Convenience Retail, and Foodservice |
| Leading Fuel Retailers | Shell, Esso, Circle K, Chevron, BP, Speedway, Marathon, Sunoco, CITGO, and Murphy USA |
Scope
– In 2019, the market leader in terms of fuel volumes was Shell followed by Esso and Circle K
Reasons to Buy
- Identify who are the top players in the United States and how many fuel, foodservice, and shops & car wash outlets they have.
- Plan effective market strategies by uncovering market share and average throughput per site of the top players in the market across fuel, car wash, convenience, and foodservice categories.
- Understand how the service station network is evolving and which players are opening new outlets as well as increasing forecourt shops and car washes.
- Identify what strategies the key players have across their fuel and non-fuel offerings in terms of products sold, branding, promotions, partnerships, and suppliers used.
Key Players
Table of Contents
Frequently Asked Questions
The forecourt market size in the US was valued at $738.99 billion in 2021.
The forecourt market in the US is expected to achieve a CAGR of more than 3% during 2022-2026.
The key categories in the US forecourt market are fuel, car wash, convenience retail, and foodservice.
The leading fuel retailers in the US forecourt market are Shell, Esso, Circle K, Chevron, BP, Speedway, Marathon, Sunoco, CITGO, and Murphy USA.
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