The application industry is growing at an appreciable pace. Day in and day out, new technology innovations are emerging.Mobile applications for various services are now available in the market, for food delivery, cab booking, salon, grocery shopping, and more. From texting or calling to core business purposes, applications are ruling it all. In this article, we walk you through the cost of developing a car-rental application like Zoomcar/Zipcar.
What Is A Car Rental Application?
A car-rental app refers to an application that allows users to pick a car for rent. Users can drive the car for work and other purposes, after the completion of which they need to return it to the specified location. Some car-rental apps developed by top mobile app development companies allow users to pay as per the distance traveled and hours used whereas some prefer to offer the subscription model.
You can use the car within your location or across states as per the guidelines of car owners or admins.
The industry of car rental applications is expanding globally. As per statistics, “the global car rental market size was valued at $92.92 billion in 2019 and is projected to reach $214.04 billion in 2027, registering a CAGR (Compound Annual Growth Rate) of 10.7% from 2020 to 2027.
North America accounted for the highest share in the global car rental market in 2019.”
Thus, if you are thinking to develop a car-rental mobile app for your business, the industry promises a huge profit. You can prioritize a mobile app development company and integrate cutting-edge features in your car-rental application to make it valuable for end-users.
Why Is The Car Rental Application High In Demand?
Research suggests, “331.4 million users are availing car rental services and the worldwide revenue has shot to the US $64,880 million.
Revenue is expected to show an annual growth rate of 14.3% resulting in a projected market volume of US $110,894 million by 2025.”
A huge population of users who cannot afford cars but need them often find it convenient to rent a car through a few taps on an on-demand application that facilitates car-rental services.
Other reasons why people are shifting towards car rental applications in today’s era are as follows:
- People prefer personal transport more than passenger vehicles. Car-rental services offer a personal mode to commute.
- People sometimes see purchasing a car as a liability as maintaining the car’s energy consumption and regular repair is costlier than picking up a car from car rental services via an app created by full-stack development services.
- It is working as an alternative to multiple other mobility services which has spiked the need.
- With the increasing growth of the travel and tourism sector, car-rental app services have also increased. Intrastate, interstate, as well as international tourism, is reaching new heights, people prefer to opt for car rental services rather than driving their own car across countries.
- People opting for aviation as a mode of transport need a car-rental service to drop them off at airports or for pick-up. Hence, taxi booking app development services have become high in-demand.
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Business Models For Car Rental Mobile App Development
Almost every car rental application follows a specific business model for its smooth functioning. Some of the prominent car rental business models that you can adopt for your on-demand app development project are:
1. Zoomcar-like Model
Zoomcar is a car rental company in India that rents cars for self-drive. In the Zoomcar business model, the application has its own fleet of cars as well as allows people who have cars to rent their car via this app. You can pick up the car that you would like to rent and use it for a certain time period varying from a few hours to a few days.
After using it, you have to return the car to the owner. You can pay via the app developed by the Android app development company
2. Zipcar-like Model
In the Zipcar business model, users cannot randomly pick up a car, users first need to go through an annual or monthly subscription model. Once you purchase the Zipcar service plan you can use Zipcar vehicles. You can pick up the vehicles from anywhere around the city.
You need to pay additionally for reservation charges. Zipcar is an American company. You can hire dedicated developers to develop such apps. But before you associate with mobile app developers for hire, make sure to ponder deeply over which model you will follow for building your application.
This is the first and most crucial step. After you have decided between the Zoomcar/Zipcar business model types, you must note down the key features you wish to incorporate into your application.
Key Features To Include In A Car-rental App
Some must-have features that can help your car-rental application stand tall among contemporaries and provide an effective user-interface for users are given below.
- Choosing car
- Fare estimate
- GPS tracking
- Payments gateway
- Car management
- Booking management
- Push notifications
- Car owner dashboard
You can segregate as per the requirement of app features for users, admins, or car owners. You must know about these features before you hire mobile app developers.
Cost To Develop A Car-rental App Like Zoomcar Or Zipcar
The cost of building any app heavily depends on the features you want to integrate and the market value of the developers or companies you are handing over the task to. It varies from location to location as well. In India, a basic car-rental app development usually costs $25-$65 per hour. If you are looking to hire an iPhone app development company, costs may further vary.
So, accordingly, you can calculate the price for the development of the entire application.
A car rental application with features like signup, payment gateway, geolocation, push notification, user dashboard, car owner dashboard, basic analytics, admin panel for user, car owner management, and chat services would take around 90 days to develop.
Wrapping Up
The car-rental application industry is growing rapidly and will continue to expand in the coming years. Thus, if you are thinking of investing in car rental app development for your company, the opportunities to upscale your business are many.
Here, we have tried to give you some insights into car-rental apps like Zoomcar/Zipcar, their features, and the cost of development. Selecting the best on-demand app development company can help you accomplish a successful car rental app.