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Global online shopping and in-store pickup industry expected to reach $703 billion by 2027

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Global Buy-Online-Pick-Up-In-Store (BOPIS) Market

Global Buy-Online-Pick-Up-In-Store (BOPIS) Market

Global Buy-Online-Pick-Up-In-Store (BOPIS) Market

Dublin, March 29, 2022 (GLOBE NEWSWIRE) — The “Shop Online Worldwide, Pick Up In Store (BOPIS)” report has been added to from ResearchAndMarkets.com offer.

The global buy online and collect in store (BOPIS) market is expected to reach US$703.18 billion by 2027 growing at a double-digit CAGR of 19.3% during the period 2021-2027 .

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 a great e-commerce strategy that helps create a great mix of online shopping and physical stores, making the shopping process more convenient for its customers. Remarkably, BOPIS makes it possible to shop from the comfort of home, buy the item online, and come to the store when it’s time to see the item is ready to be picked up.

The market drivers that drive the BOPIS industry are practical factors that provide provisions to customers. Also, no additional shipping charges, no long waits for items to be delivered, prompt services, in-stock insurance, and ease of solving delivery errors that often occur during order fulfillment open the way to the market. An effective BOPIS system will increase sales and customer loyalty and help retailers stay competitive with other physical stores and online merchants.

The BOPIS industry accelerated during the COVID-19 pandemic

At the height of the pandemic in 2020, demand for buy online, collect in store (BOPIS) options increased dramatically. Moreover, a year later, in 2021, customer adoption and repeated use of BOPIS has become strong. Overall, based on our analysis, it is clear that BOPIS is not just a passing trend. Overall, buyers love it; most use it and intend to continue. According to this research report, the global BOPIS industry was 243.89 billion US$ in 2021. Additionally, COVID-19 gave the impetus for the massive growth that BOPIS has seen the pan trend is also expected in the years to come.

Country-by-country analysis of the global BOPIS market

In this report, we have covered the market of USA, India, Japan, China, Germany, UK, France, Italy, Canada and China. South Korea. Global customer awareness, high rate of smartphone usage, presence of e-commerce and retailers such as Walmart in the United States and Canada are driving the BOPIS market.

In addition, countries like Germany, UK, France and Italy are gaining the BOPIS market due to population density compared to USA, strong tradition of good logistics of retail and a great awareness of the BOPIS purchasing method.

In addition, Asia-Pacific countries like India, Japan, China, and South Korea are expected to experience high growth rate in the BOPIS market owing to the rapid increase in the trading industry. electronics, the growing adoption of the Internet and smartphones, and rapid economic development.

Rising Trends in Buy Online, Pick Up In Store (BOPIS) Among Product Segments

By product categories, we analyzed the market for fashion, toys, hobbies and DIY, electronics and media, food and personal care, and technology-enabled furniture and appliances. BOPIS. Nonetheless, brick-and-mortar businesses with e-commerce capabilities made the most of the online and in-store experience. Therefore, retailers specializing in fashion, toys, hobbies and DIY, electronics and media, food and personal care, and furniture and appliances offer BOPIS as part of their process. of payment.

Performance of Key Players in the BOPIS Industry

In our report, the BOPIS industry is fragmented with major key players Walmart, Zara, Home Depot, Macy’s, Kohl’s and Target capturing the entire market. Recently, major players are offering BOPIS and have realized the benefits of this execution option. Moreover, these key players have implemented the technology tremendously

Main topics covered:

1. Introduction

2. Research methodology

3. Executive Summary

4. Market dynamics
4.1 Drivers of growth
4.2 Challenges

5. Global BOPIS market

6. Market Share – Global BOPIS Market
6.1 By country
6.2 By product categories

7. Country – Global BOPIS Market
7.1 United States
7.2 India
7.3 Japan
7.4 China
7.5 Germany
7.6 United Kingdom
7.8 Italy
7.10 Canada
7.10 South Korea
7.11 Others

8. Product Categories – Global BOPIS Market
8.1 Fashion
8.2 Toys, hobbies and crafts
8.3 Electronics and media
8.4 Food and personal care
8.5 Furniture and appliances

9. Carriers five forces
9.1 Overview
9.2 Bargaining power of buyers
9.3 Bargaining Power of Suppliers
9.4 Degree of competition
9.5 Threat of new entrants
9.6 Threat of Substitutes

10. Business Analysis
10.1 Walmart
10.1.1 Overview
10.1.2 Recent Development
10.1.3 Financial overview
10.2 Zara
10.2.1 Overview
10.2.2 Recent Development
10.2.3 Financial overview
10.3 Home Depot
10.3.1 Presentation
10.3.2 Recent Development
10.3.3 Financial overview
10.4 Macy’s
10.4.1 Presentation
10.4.2 Recent Development
10.4.3 Financial information
10.5 Kohls
10.5.1 Overview
10.5.2 Recent Development
10.5.3 Financial overview
10.6 Target
10.6.1 Presentation
10.6.2 Recent Development
10.6.3 Financial overview

For more information on this report, visit https://www.researchandmarkets.com/r/22ejt2


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