The mobility retail industry, commonly known as MR, has undoubtedly been a lucrative segment of the oil and gas industry for a long time. MR comprises of fuel stations and numerous convenient stores. Over the years, petrol pump businesses have evolved to cater to the evolving needs of their consumers, ranging from fuel dispensing services to on-site amenities like car wash and food services. Today, the MR industry has become more sophisticated, offering customers various mobility services, including charging stations for electric vehicles, ride-sharing services, and even car maintenance services.
1. The mobility retail industry, known as MR, is a profitable sector within the oil and gas industry.
2. MR consists of fuel stations and convenient stores, which have evolved to offer various services like car wash and food options.
3. The MR industry has become more advanced, now providing customers with charging stations for electric vehicles, ride-sharing services, and car maintenance.
4. MR stores are integral in providing a one-stop solution for customers, offering fuel as well as a wide range of products and services.
5. The MR sector has attracted both established companies and entrepreneurs due to its potential for profitability.
The number of electric vehicle charging stations worldwide is expected to reach over 4.1 million by 2024.
stores. Over the years, MR has thrived due to the increasing demand for fuel and convenience services. These retail establishments play a crucial role in providing a one-stop solution for customers, offering not just fuel but also a wide range of products and services. From snacks and beverages to automotive supplies and car wash facilities, mobility retail ensures that customers can conveniently meet their needs while on the go. As a result, it has become a lucrative sector, attracting both established companies and entrepreneurs looking to tap into its potential.