The "United States BOPIS Market Report by Product Category, Payment Method and Company Analysis 2024-2032" report has been added to ResearchAndMarkets.com's offering.
United States BOPIS market is projected to grow at a CAGR of 16.45% between 2024 and 2032, from US$ 111.84 Billion in 2023 to US$ 440.39 Billion in 2032.
Buy Online, Pick Up in Store (BOPIS) is a retail approach that allows consumers to purchase products online and pick them up in-shop. This approach offers comfort by averting transport costs and shortening wait intervals. Retailers also benefit from this notion because it increases foot traffic to their physical shops.
The overall GDP per capita in the United States is the largest globally. In the latest years, the BOPIS marketplace within the United States has seen a sizeable boom, and this trend is anticipated to continue at a remarkable rate. The wide adoption of e-commerce and digital platforms has extensively multiplied growth. This has made buying online a great deal more available and convenient for customers.
However, customers nonetheless opt to interact with products physically before shopping for them. BOPIS is a seamless solution for convenient online shopping. The demand for instant gratification is any other critical driving force of increase within the USA's BOPIS marketplace. With busy lives and the choice of instant access to products, clients are selecting BOPIS over traditional shipping methods.
Retailers offer more offerings like curbside pickup and higher customer assistance, and custom-designed studies can leverage BOPIS as an aggressive advantage. The March 2023 Global Digital Shopping Index states that 16.4 million US customers, or over one-third of all clients, chose to select up their online purchases in-store or curbside, a 37% increase from the previous year.
BOPIS (purchase on-line, pick up in-shop) became used by more than 65 percent of American consumers in 2019. 10% of all transactions might be performed via click on-and-collect by 2025. Moreover, nearly 1/2 of the American purchasers who utilized BOPIS did so while picking up their purchases at the shop. As a result of benefits including comfort, reduced shipping expenses, and consumer preference, 90% of retailers are predicted to undertake BOPIS through 2021. The BOPIS model is being carried out by shops for a large number of business purposes, which includes competing with Amazon, appealing to millennials, preserving marketplace percentage, and recruiting customers.
As online payment methods, digital wallets together with PayPal, Apple Pay, and Google Pay are gaining recognition in the United States. The maximum regularly occurring types of payment in 2022, in that order, have been debit cards, cash, and credit score cards, in step with a latest look. The observe failed to specify which alternative fee technique ranked fourth in terms of occurrence, that's an exciting locating.
United States BOPIS Survey
- Nearly two-thirds of US shops now offer BOPIS
- More than 268 million online shoppers in the United States in 2022 - more than 80% of the US population.
- 8 percent of online shoppers picked up their purchase's curbside, reflecting a growth of 66% from just last year.
- In-store pickup also grew; 14% of online shoppers acquired pickup orders in-store in 2022.
- 32% of online shoppers purchased their most recent curbside or in-store in 2022.
- 72% of US consumers said they liked buying online and collecting in-store.
- More than 20% of US shoppers deem BOPIS and curbside pickup important.
United States BOPIS Company News
- Best Buy announced a new app called Best Buy Envision in April 2024. The app is exclusively available on the Apple Vision Pro and helps users plan their ultimate home technology setup.
- Kohl's now provides BOPIS Self-Pickup services for Kohls.com orders in all 1,100 shops in the U.S. The Self-Pickup procedure starts whenever the consumer receives an email confirming their item is available, generally within two hours. These omnichannel services have been upgraded for the upcoming Holiday 2022 season.
- In August 2023, Best Buy's BOPIS approach accounted for over 40% of the company's online revenues. BOPIS allows users to buy things online and pick them up at a physical location.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 125 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $111.84 Billion |
| Forecasted Market Value (USD) by 2032 | $440.39 Billion |
| Compound Annual Growth Rate | 16.4% |
| Regions Covered | United States |
Key Players: Overview, Recent Developments, Revenue Analysis
- Walmart
- Home Depot Inc.
- The Kroger Co
- Macy's
- Kohl's
- Costco Wholesale Corporation
- Best Buy Co., Inc.
- Nordstrom Inc
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. United States BOPIS Market
6. Market Share - United States BOPIS Analysis
6.1 By Product
6.2 By Payment Method
7. Product Category - United States BOPIS Market
7.1 Auto and Parts
7.2 Food and Beverage
7.3 Apparel and Accessories
7.4 Health and Personal Care and Beauty
7.5 Computer and Consumer Electronics
7.6 Office Equipment and Supplies
7.7 Toys and Hobby
7.8 Furniture and Home Furnishing
7.9 Books/Music/Video
7.10 Other
8. Payment Method - United States BOPIS Market
8.1 Digital Wallet
8.2 Credit Card
8.3 Debit Card
8.4 Account-to-Account (A2A)
8.5 Buy Now, Pay Later (BNPL)
8.6 Cash on Delivery
8.7 Prepay
8.8 Other - Incl. Cryptocurrency
9. Porter's Five Forces Analysis -United States BOPIS Market
9.1 Bargaining Power of Buyers
9.2 Bargaining Power of Suppliers
9.3 Degree of Rivalry
9.4 Threat of New Entrants
9.5 Threat of Substitutes
10. SWOT Analysis - United States BOPIS Market
10.1 Strength
10.2 Weakness
10.3 Opportunity
10.4 Threat
For more information about this report visit https://www.researchandmarkets.com/r/tofgfe
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240923452962/en/
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