Global BOPIS Market Size is expected to expand with a double digit CAGR of 19.3% during 2021-2027
The market drivers boosting the BOPIS industry are convenient factors that give provisions to customers. Besides, no added shipping charges, no waiting for a long time for items to be delivered, quick services, in-stock insurance, and ease to tackle delivery errors that often arise with order fulfilment are paving the way for the market. An efficient BOPIS system will increase sales and customer loyalty and help retailers stay competitive with other brick-and-mortar stores and online merchants.BOPIS Industry Picked Up Steam During The COVID-19 Pandemic
At the height of the pandemic in 2020, demand for Buy Online, Pick-up In-store (BOPIS) options increased significantly. Moreover, a year later, in 2021, customer adoption and repeated use of BOPIS have gone strong. Overall, as per our analysis, it’s clear that BOPIS isn’t just a passing trend. Globally, shoppers love it; most use it and intend to continue. As per this research report, Global BOPIS Industry was US$ 243.89 Billion in 2021. Moreover, COVID-19 has been the impetus for the massive growth BOPIS has seen the pan trend is also expected in the coming years.
Global BOPIS Market Country Analysis
In our report, we have covered the market of the United States, India, Japan, China, Germany, United Kingdom, France, Italy, Canada, and South Korea. Global awareness among customers, high rate of using smartphones, presence of e-commerce, and retailers such as Walmart in the United States and Canada are boosting the market for BOPIS.
Moreover, countries like Germany, the United Kingdom, France, and Italy are gaining market of BOPIS due to the dense population compared to the United States, having a strong tradition of good retail logistics, and high awareness of the BOPIS method of shopping.
Further, countries in the Asia Pacific like India, Japan, China, and South Korea are expected to witness a high growth rate in the BOPIS market due to the rapid increase of the e-commerce industry, growing adoption of the internet and smartphones, and rapid economic development.
Rising Trends of Buy Online Pick Up in Store (BOPIS) amongst Product Segments
By Product Categories, we have analyzed the market for Fashion, Toys, Hobby & DIY, Electronics & Media, Food & Personal Care, and Furniture & Appliances functioning with BOPIS technology. Notwithstanding, brick-and-mortar businesses with e-commerce functionality have made most of the online and in-store experience. Hence, retailers dealing in Fashion, Toys, Hobby & DIY, Electronics & Media, Food & Personal Care, and Furniture & Appliances are offering BOPIS as part of their checkout process.
Key Players Performance in the BOPIS Industry
In our report, the BOPIS Industry is fragmented, with the top key players Walmart, Zara, Home Depot, Macy’s, Kohl’s, and Target capturing the overall market. Recently, the key players are offering BOPIS and realized the benefits of this fulfilment option. Moreover, these key players have implemented the technology immensely.
For instance, Walmart offers curb side and in-store pickup for customers on the go. Remarkably, customers can shop Walmart’s huge selection of groceries online and have them ready when convenient for the shopper to pickup. Moreover, Walmart’s grocery pickup combines the convenience of online shopping with the ease of never leaving the car, all at no additional cost.
This latest research report “Buy Online Pick Up in Store (BOPIS) Market, Global Forecast By Country (United States, India, Japan, China, Germany, United Kingdom, France, Italy, Canada, and South Korea), Product Categories (Fashion, Toys, Hobby & DIY, Electronics & Media, Food & Personal Care, and Furniture & Appliances), Companies (Walmart, Zara, Home Depot, Macy’s, Kohl’s, and Target)” provides a detailed analysis of BOPIS Industry.
Country - BOPIS Market of 11 Countries have been covered in the Report:
- United States
- India
- Japan
- China
- Germany
- United Kingdom
- France
- Italy
- Canada
- South Korea
- Others
Product Categories - Market have been covered from 5 viewpoints:
- Fashion
- Toys, Hobby & DIY
- Electronic & Media
- Food & Personal Care
- Furniture & Appliances
Company Insights:
- Overview
- Recent Development
- Financial Insight
Company Analysis:
- Walmart
- Zara
- Home Depot
- Macy’s
- Kohl’s
- Target
What is the estimated value of the Global Buy Online Pick Up in Store (BOPIS) Market?
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| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | February 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 243.89 Billion |
| Forecasted Market Value ( USD | $ 703.18 Billion |
| Compound Annual Growth Rate | 19.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
Table of Contents
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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