Buy Online Pick Up in Store (BOPIS) Market, Global Forecast 2022-2027, Industry Trends, Growth, Insight, Impact of COVID-19, Company Analysis

Buy Online Pick Up in Store (BOPIS) Market, Global Forecast 2022-2027, Industry Trends, Growth, Insight, Impact of COVID-19, Company Analysis

Global Buy Online Pick Up in Store (BOPIS) Market is expected to reach US$ 703.18 Billion by 2027. Worldwide, BOPIS has become a popular retail strategy that allows customers to have the best of both worlds: online shopping and in-person pickup. Thus, BOPIS is an excellent strategy for e-commerce that helps create a great blend of online shopping and physical stores, making the shopping process more convenient for its customers. Remarkably, BOPIS enables shopping from the comfort of homes, purchasing the item online, and going to the store when it is time to see the item is ready for pickup.

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 Renub Research analysis, 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.

Renub Research latest 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:

1. United States
2. India
3. Japan
4. China
5. Germany
6. United Kingdom
7. France
8. Italy
9. Canada
10. South Korea
11. Others

Product Categories - Market have been covered from 5 viewpoints:

1. Fashion
2. Toys, Hobby & DIY
3. Electronic & Media
4. Food & Personal Care
5. Furniture & Appliances

Company Insights:

• Overview
• Recent Development
• Financial Insight

Company Analysis:

1. Walmart
2. Zara
3. Home Depot
4. Macy’s
5. Kohl’s
6. Target