DUBLIN--(BUSINESS WIRE)--The "Buy Online Pick Up in Store (BOPIS) Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering.
Global BOPIS Market will be worth roughly US$ 666.20 Billion by 2028 from US$ 345.38 Billion in 2022. Between 2022 and 2028, Global BOPIS Market will register a CAGR of 11.57% with Walmart, Zara, Home Depot, Macy's, Kohl's, and Target comprising the leading companies in the Global BOPIS Market.
Presently, BOPIS (Buy Online, Pickup In-Store) is a fantastic e-commerce strategy that creates a great fusion of online shopping and physical stores.
The in-store shopping experience remains a critical point of interaction for retail chains seeking to strengthen their connection with customers. Buy Online, Pick Up In-Store (BOPIS) presents a lucrative opportunity for retailers to enhance profits. Unlike curbside pickup and similar fulfillment models, BOPIS provides customers with a unique chance to explore and purchase additional items while collecting their online orders.
A significant number of customers tend to make unplanned purchases when retrieving their pre-ordered online items, with nearly 50% of consumers adding extra items to their pickups. This not only fosters loyalty but also encourages repeat visits to the same stores, ultimately building trust between consumers and retailers.
Thus, the BOPIS model contributes to strengthening the buyer-seller relationship. Customers also appreciate the time, cost, and convenience savings offered by BOPIS. Overall, the Buy Online, Pick Up In-Store market significantly enhances customer engagement, benefiting both retailers and shoppers.
Online platforms serve as convenient gateways for customers to browse, compare, and purchase products via their devices. BOPIS offers a seamless transition from online to in-store pickup, leveraging the speed of e-commerce while avoiding delivery delays. Retailers use this online accessibility to provide real-time inventory updates and streamline the ordering process, thereby enhancing the BOPIS experience.
Moreover, technological advancements have played a pivotal role in driving the growth of BOPIS. The widespread adoption of smartphones, tablets, laptops, and increased internet usage in developed regions has significantly boosted the e-commerce industry. With user-friendly software available on smartphones and laptops, consumers can easily access reviews and product information, making informed decisions about product selection and delivery preferences.
North America and Europe, being highly developed regions with extensive digitalization, have witnessed the rapid rise of BOPIS as a dominant trend in the industry. The COVID-19 pandemic further accelerated this trend as safety concerns and social distancing measures drove more consumers toward contactless pickup options, underscoring the reliability and security of BOPIS as a shopping method.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 220 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $345.38 Billion |
| Forecasted Market Value (USD) by 2028 | $666.2 Billion |
| Compound Annual Growth Rate | 11.5% |
| Regions Covered | Global |
Company Analysis: Overview, Recent Developments, SWOT Analysis, Financial Insight
- Walmart
- Zara
- Home Depot
- Macy's
- Kohl's
- Target
Product Categories - Global BOPIS Market has been covered from ten viewpoints.
- Auto and Parts
- Food and Beverage
- Apparel and Accessories
- Health and Personal Care and Beauty
- Computer and Consumer Electronics
- Office Equipment and Supplies
- Toys and Hobby
- Furniture and Home Furnishing
- Books/Music/Video
- Other
Payment Methods - Global BOPISMarket has been covered from eight viewpoints.
- Digital Wallet
- Credit Card
- Debit Card
- Account-to-Account (A2A)
- Buy Now, Pay Later (BNPL)
- Cash on Delivery
- Prepay
- Other (including cryptocurrency)
Country - Global BOPIS Market has been covered from nineteen viewpoints
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Europe
- United Kingdom
- France
- Germany
- Spain
- Italy
- Netherlands
- Norway
- Sweden
- Switzerland
- Russia
- Turkey
- Asia Pacific
- India
- China
- Japan
- Indonesia
- Korea
- Australia
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of World
For more information about this report visit https://www.researchandmarkets.com/r/au3ccv
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