Dallas, TX (PRWEB) January 21, 2014
By the end of 2012, China has had a total of 96,313 filling stations, an increase of 875 or up 0.92% compared to 2011, including 51,854 SOE filling stations (53.8% of the total), 42,425 private filling stations (44.1%) and 2,034 filling stations with foreign capital (2.1%).
China’s filling station market in recent years has shown two main characteristics. First, because of the vigorous growth of car ownership (a CAGR of 16.24% in 2007-2012), the average number of cars served by each filling station is consequently growing rapidly (CAGR of 15.74% in 2007-2012).
Second, the rapid development of non-oil business in Chinese filling stations, which is specifically manifested as convenience stores, lubricating oil stores, asset leasing, advertising, car washing, car repairing, catering, weighbridge, ATMs, communications, lotteries and other multiple business forms. In 2009-2012 the number of Chinese filling stations conducting non-oil business rose from 21,000 to 37,000, and sales value of non-oil business surged from RMB6 billion to RMB19.6 billion at a CAGR of 48.4%.
Complete report available @ http://www.chinamarketresearchreports.com/114697.html.
In 2008-2012 CAGR for revenue and net income of China’s three major oil companies was much higher than other oil companies worldwide. The top three - PetroChina, CNOOC and Sinopec in terms of revenue CAGR were respectively 22.54%, 21.27% and 20.53%.
China Filling Station and Gas Station Industry Report, 2013-2016 of ResearchInChina highlights the following:
Purchase a copy of this report @ http://www.chinamarketresearchreports.com/contacts/purchase.php?name=114697.
Browse more reports on Energy & Power Market @ http://www.chinamarketresearchreports.com/cat/energy-power.html.
ChinaMarketResearchReports.com (http://www.chinamarketresearchreports.com/ .) is an online database of market research reports offers in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.