Global BOPIS Market will be worth roughly US$ 666.20 Billion by 2028, according to the report. Presently, BOPIS (Buy Online, Pickup In-Store) is a fantastic e-commerce strategy that creates a great fusion of online shopping and physical stores. Customers who want the convenience of online shopping without waiting for deliveries and those who want to save money on shipping find this option appealing. BOPIS guarantees order readiness more quickly than home delivery and offers flexible pickup times, saving time for customers after work or on their commutes. By streamlining the purchasing process for retailers, BOPIS boosts sales, improves customer satisfaction through a customized experience, and, most importantly, lowers costs by doing away with shipping, making it a win-win move.Global BOPIS Market was worth US$ 345.38 Billion in 2022
Between 2022 and 2028, Global BOPIS Market will register a CAGR of 11.57%
The in-store experience is still regarded as a crucial point of contact for retail chains looking to strengthen their relationship with their customers. BOPIS offers retailers a lot more potential profits to consider. Contrary to curbside pickup (an otherwise similar fulfillment model), pick up in locker, and many other techniques, BOPIS presents a remarkable opportunity for customers to browse more and purchase additional items while picking up their online shopping order.While picking up their already ordered online item, most customers buy extra or unplanned products from the store. It is claimed that nearly 50% of consumers make additional purchases while accepting deliveries. This improves loyalty and the propensity to frequent the same stores, which ultimately boosts consumer confidence in merchants. As a result, it strengthens the buyer-seller relationship through the BOPIS model in a corresponding manner. Customers also value the numerous ways BOPIS saves them time, money, and hassle. Buy online pick up in store market, in general, contributes significantly to customer engagement through such stores, which is advantageous to both retailers and customers.
Online platforms serve as a convenient gateway for customers to explore, compare, and purchase products via their devices, extending to BOPIS for seamless online-to-in-store pickup, capitalizing on e-commerce speed, and avoiding delivery wait times. Retailers leverage this online accessibility for real-time inventory updates and streamlined ordering, enhancing the BOPIS experience.
Furthermore, technological advancements have played a crucial role in facilitating the BOPIS boom. Augmenting adoption of smartphones, tablets, laptops and web traffic across the various developed regions is most firmly boosting the ecommerce industry than ever before. With highly dilated software across the market existing on smartphones & laptops, consumers choose to go through reviews, experience, and satisfaction helps them to prefer the product and process of delivery accordingly.
North America and Europe are highly developed locations where digitalization is extensive due to the excessive internet penetration rate, and that’s why BOPIS is becoming one of the dominating trends in the industry. The COVID-19 pandemic has further accelerated this trend, as safety concerns and social distancing measures pushed more consumers towards contactless pickup options, emphasizing the importance of BOPIS as a reliable and secure shopping method. Global BOPIS Market was worth US$ 345.38 Billion in 2022.
China has dominance in the Global BOPIS Market
The nations present are the United States, India, China, Canada, United Kingdom, Russia, Germany, Spain, Italy, Netherlands, Norway, Sweden, Switzerland, Brazil, Mexico, Australia, Japan, Saudi Arabia, UAE, South Africa, Argentina, France, Indonesia, Korea, Turkey, and Israel. The growth of BOPIS market in China is because of its massive population, extensive e-commerce penetration, and rapidly expanding retail infrastructure. Chinese consumers want convenience, and BOPIS satisfies this by offering a seamless combination of online shopping and same-day in-store pickup. Furthermore, significant investments in technology, logistics, and omnichannel strategies have sped up the adoption and made it a popular option for customers and businesses, cementing its leadership in the Global BOPIS Market.India is emerging as the fastest-growing player because of its dynamic digital landscape, e-commerce adoption, and burgeoning retail ecosystem. A young and tech-savvy population and the rising smartphone penetration are fuelling the demand for convenient shopping experiences. BOPIS resonates strongly with Indian consumers seeking online convenience and instant in-store collection. Indian retailers quickly embrace omnichannel strategies, optimizing BOPIS to enhance customer satisfaction and streamline operations.
Health, personal care, and beauty sector experience rapid growth in the global BOPIS (Buy Online, Pick Up In-Store) market
There are ten product categories in the global BOPIS market, namely 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, and Other. Consumers prioritize product authenticity, testing, and personalized consultations, making in-store pickup ideal. The need for immediate gratification and ensuring the suitability of beauty products drives this trend. Furthermore, the desire to reduce shipping costs and environmental impact boosts BOPIS adoption. Retailers recognize these demands, optimizing BOPIS to create a seamless shopping experience. Combined with the convenience of online browsing, the sector's personalized nature, and the growth of omnichannel strategies, health, personal care, and beauty have become a focal point in the flourishing BOPIS market.The fashion industry thrives on the tactile experience, allowing customers to see, touch, and interact with products before purchase. Moreover, reducing shipping costs and environmental impact drives BOPIS adoption. Retailers recognize these trends, optimizing the BOPIS model to offer convenience, personalization, and seamless integration between online browsing and in-store collection, making apparels and accessories a driving force in the Global BOPIS Market.
Digital wallets are gaining popularity in the global BOPIS (Buy Online, Pick Up In-Store) market due to their seamless integration of payment and convenience
Based on payment methods, the global BOPIS market is divided into Digital Wallet, Credit Card, Debit Card, Account-to-Account (A2A), Buy Now, Pay Later (BNPL), Cash on Delivery, Prepay, and Other (including cryptocurrency). Buyers can securely store payment information, making the checkout process swift and reducing friction during in-store pickups. The touchless nature of digital wallets aligns with safety concerns, especially during the ongoing pandemic. Moreover, digital wallets facilitate loyalty programs, discounts, and personalized offers, enhancing the overall shopping experience. As BOPIS continues to evolve, digital wallets provide a streamlined and secure payment method that complements the convenience and efficiency of the model, further boosting their prominence in the global market.
Key Players
Walmart, Zara, Home Depot, Macy’s, Kohl’s, and Target comprise the leading companies in the Global BOPIS Market.This latest report “Global BOPIS Market, Product Categories (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, and Other), Payment Methods (Digital Wallet, Credit Card, Debit Card, Account-to-Account (A2A), Buy Now, Pay Later (BNPL), Cash on Delivery, Prepay, and Other (including crypto currency)), Country (United States, Canada, Brazil, Mexico, Argentina, United Kingdom, France, Germany, Spain, Italy, Netherlands, Norway, Sweden, Switzerland, Russia, Turkey, India, China, Japan, Indonesia, Korea, Australia, Saudi Arabia, UAE, Israel, South Africa, and Rest of World), Companies (Walmart, Zara, Home Depot, Macy’s, Kohl’s, and Target)” provides a detailed analysis of Global BOPIS Market.
Product Categories - Global BOPIS Market has been covered from ten viewpoints.
1. Auto and Parts2. Food and Beverage
3. Apparel and Accessories
4. Health and Personal Care and Beauty
5. Computer and Consumer Electronics
6. Office Equipment and Supplies
7. Toys and Hobby
8. Furniture and Home Furnishing
9. Books/Music/Video
10. Other
Payment Methods - Global BOPISMarket has been covered from eight viewpoints.
1. Digital Wallet2. Credit Card
3. Debit Card
4. Account-to-Account (A2A)
5. Buy Now, Pay Later (BNPL)
6. Cash on Delivery
7. Prepay
8. Other (including cryptocurrency)
Country - Global BOPIS Market has been covered from nineteen viewpoints
1. North America
1.1 United States1.2 Canada
2. Latin America
2.1 Brazil2.2 Mexico
2.3 Argentina
3. Europe
3.1 United Kingdom3.2 France
3.3 Germany
3.4 Spain
3.5 Italy
3.6 Netherlands
3.7 Norway
3.8 Sweden
3.9 Switzerland
3.10 Russia
3.11 Turkey
4. Asia Pacific
4.1 India4.2 China
4.3 Japan
4.4 Indonesia
4.5 Korea
4.6 Australia
5. Middle East & Africa
5.1 Saudi Arabia5.2 UAE
5.3 Israel
5.4 South Africa
6. Rest of World
Company Insights
- Overview
- Recent Development
- Sales Analysis
Analysis of six companies in the global BOPIS market
1. Walmart2. Zara
3. Home Depot
4. Macy’s
5. Kohl’s
6. Target
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. Global BOPIS Market
4. Market Dynamics
6. Market Share - Global BOPIS Market
7. Countries - Global BOPIS Market
8. Product Categories - Global BOPIS Market
9. Payment Methods - Global BOPIS Market
10. Porter’s Five Forces
11. SWOT Analysis
12. Company Analysis
List of Figures
List of Tables
Companies Mentioned
- Walmart
- Zara
- Home Depot
- Macy’s
- Kohl’s
- Target
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 220 |
| Published | August 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 345.38 Billion |
| Forecasted Market Value ( USD | $ 666.2 Billion |
| Compound Annual Growth Rate | 11.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
