NAICS 4471 - Gasoline Stations
This industry comprises establishments engaged in retailing automotive fuels (e.g., diesel fuel, gasohol, gasoline) in combination with convenience store or food mart items. These establishments can either be in a convenience store (i.e., food mart) setting or a gasoline station setting. These establishments may also provide automotive repair services.
Industry trends:
The gasoline station industry, classified under NAICS 4471, is witnessing significant qualitative trends driven by technological advancements and changing consumer behaviors. One notable trend is the integration of electric vehicle (EV) charging stations, reflecting the broader industry shift towards sustainability and the adoption of EVs. Gas stations are partnering with EV manufacturers and energy companies to install fast-charging units, catering to the growing number of EV owners.
Additionally, there is an increasing focus on convenience through digital transformation. Many gasoline stations are enhancing their app capabilities to offer mobile payments, loyalty programs, and pre-order services for convenience store items. This shift not only improves customer experience but also boosts ancillary revenue streams.
In terms of forecasts, the near future is likely to see a continued rise in the demand for renewable fuels and alternative energy sources. Investments in hydrogen refueling infrastructure could gain momentum as the technology becomes more viable. Moreover, the push towards automated and contactless services, accelerated by the COVID-19 pandemic, will persist, with innovations like automated refueling and self-checkout becoming more prevalent.
Overall, the gasoline station industry is evolving rapidly, driven by technological integration, environmental considerations, and an enhanced focus on customer convenience.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.