Buy Online Pick Up In Store (BOPIS) Market Analysis Report 2023-2028: Convenience, Savings, And Efficiency - The Three Pillars Of Success For BOPIS

Republished By Plato

Followers: 0

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

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900