Buy Online Pick Up in Store Market (BOPIS) Analysis And Forecast...

Buy Online Pick Up in Store Market (BOPIS) Analysis And Forecast Report 2023-2028

Postado 2024-09-16 10:31:03

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The Global Buy Online Pick Up in Store (BOPIS) Market is projected to reach approximately US$ 666.20 Billion by 2028, growing at a CAGR of 11.57% from US$ 345.38 Billion in 2022. BOPIS merges the convenience of online shopping with the immediacy of in-store pickup, appealing to consumers who prefer to avoid shipping costs and wait times.

Key Drivers

Convenience: BOPIS allows customers to shop online and pick up their orders in-store, saving time and eliminating delivery fees.
Increased Sales: Customers often make additional purchases while picking up their online orders, enhancing overall retail sales.
Technological Advancements: The rise of smartphones and digital platforms supports seamless online shopping experiences and real-time inventory management.

Regional Insights

North America and Europe: These regions are leading the BOPIS trend due to high internet penetration and digitalization.
China: Dominates the BOPIS market thanks to its large population, e-commerce growth, and advanced retail infrastructure.
India: The fastest-growing market, driven by a tech-savvy population and increasing smartphone usage.

Product Categories

The BOPIS market encompasses various categories, including:

1. Auto and Parts

2. 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

The market also features diverse payment options:

1. Digital Wallet

2. 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)

· This report analyzes the Buy Online, Pick Up In Store (BOPIS) market in the U.S., projecting significant growth from $111.84 billion in 2023 to $440.39 billion by 2032, with a CAGR of 16.45%. It covers various product categories and payment methods.

2. Europe Click and Collect Grocery Market, Size, Share, Forecast 2024-2032

· This report provides insights into the Click and Collect grocery market in Europe, highlighting trends, growth drivers, and forecasts. It focuses on consumer preferences and retailer strategies in the evolving grocery landscape.

3. Europe Online Grocery Market, Size, Share, Forecast 2024-2032

· Analyzes the online grocery market in Europe, expected to grow from $151.88 billion in 2023 to $673.15 billion by 2032, with a CAGR of 17.99%. This report discusses consumer behavior, product categories, and country-specific insights.

4. United States Online Grocery Market, Size, Share, Forecast 2024-2032

· This report examines the online grocery market in the U.S., predicting growth from $159.54 billion in 2023 to $622.92 billion by 2032, with a CAGR of 16.34%. It explores product types, purchaser behavior, and delivery methods.

Key Players

Major companies in the BOPIS market include: