2014-01-22 04:21:04 - Petrol Stations in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
Over the past five years, a thick smog has descended on the Petrol Stations industry, as operators have tried to navigate through rising oil prices and vigorous competition. Soaring oil prices early in the period led to sharp increases in transport fuel costs and stagnating demand. Although oil and fuel prices declined during the recession, weak activity and fears of future price increases curbed retail fuel sales. Drivers have been gradually switching to more fuel-efficient diesel-powered cars, which has damaged the industry because it means motorists can drive further on less fuel.
The market is completely saturated and a large number of firms hold similar shares. Supermarkets have expanded despite this tough environment due to their ability to offer lower prices
on average and capture demand through established loyalty schemes. Intense competition has eroded the industry´s already-fine profit margins.
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