Vehicle Rental Business is a necessity for many people. They provide a need for people who cannot afford cars, but still, need to use them from time to time. As an outcome, rental cars save the day, and they don’t look like going out of business soon.
Car rental apps and car-sharing apps are extensively in demand for the past years. Some proven stats truly state a win-win for car rental and car-sharing startups or entrepreneurs.
Why Car rental app development?
Renting a car is greatly economical and preferred to travel a lengthy distance and is much more practical than paying for a taxi. Today, renting a car from your phone is like a piece of cake. You will find thousands of the best car rental applications for iPhone and Android that would provide a better deal with an easy booking method, even on busy days such as festivities. App development for car rental companies arrives in the way to cope up with the challenges encountered by car owners. Expedite and manage your business with car rental app development.
Why Do You Need A Mobile App For Your Car Rental Business?
1. It provides Real-time data
Gone are the days when people used to call and inquire about the availability of cars for rental and booking. With the advent of mobile app development, people can effortlessly view the real-time data of the availability of taxis or cars on their smartphones and book them as per their best time. Automation in the process replenishes the gap between everything. It stimulates all the mundane tasks of car owners too.
2. It gives the brand credibility
Previously everyone uses mobile phones, having an app for your business will boost your brand value. People believe businesses that have mobile apps and encourage ensnaring with more customers.
3. It is a marketing strategy
Accumulating a mobile for a business is the current marketing trend and strategy these days. It functions as an advocate for your business.
4. A single platform for your fleet of taxis/cars/cabs
All your cars are overseen on a single interface stress-free. No need for a dreary process of organizing the enormous stock of registers for enhancing drivers, cabs, recharging the empty booking slots, etc. You can facilitate your business procedure with a single tap on the mobile application.
5. It paves a way to all-around transport services and gains high ROI
Mobile apps help in furnishing 24*7 conveyance connectivity by making the journeys of people happy and hassle-free. If your business runs all day long, then your business runs bridging the revenue margin.
Market Size of Car Rental Industry: –
The car rental industry is not only massive but is always evolving with the needs of the users. With commuting being a part of everyone’s routine, this assistance has helped a lot them. The on-demand car rental industry stands among the hugest industries right now, and car rental is a part of that.
The car rental apps are not just limited to big companies, but the apps are also being made by small and medium-sized companies. Hence there is a lot of appetite for such apps, the service providers are striving to meet that demand by transmitting several services through their app.
Car rental services seem to be a great alternative to expand your business or enter the market with a start-up. Let’s check out some amazing facts about the car rental industry that car rental businesses need to know –
- The revenue in the car rental component rose to around $53,333 million in 2021.With an annual increase of 18.4% CAGR.
- It is propelled that the market volume by the end of the year 2024 would be $105,285m.
- The user penetration is anticipated to hit by 7.1% by 2024.
- The report from statista.com shows the annual forecast growth rate at 3.4% (CAGR 2019-2023), which is resulting in a market volume of US$30,686m for 2023.
Features of rental car app development
- Social media login
Customers can log in to the car rental app directly using their social media accounts such as Facebook, Instagram, and others.
- Vehicle listing
The customer can view the numerous cars under tabs such as sedan, SUV, off-road, electric, and others.
- Ratings & Reviews
Customers can check out the ratings bestowed on vehicles listed on the app. Other users furnish these ratings.
- Geo-location integration
With GPS integration, users/customers can search for cars in and around their area precisely.
- Delivery location
Customers can either select or enter the location for the car to be furnished. They can even check the pick-up spots to rent the vehicle physically.
- Instant booking
Customers in need of a car instantly can tap the “Book now” feature after selecting the vehicle category and other details.
- Schedule booking
The thoughtful feature lets customers book a vehicle for an overdue period. After choosing the car, users assign the date, time & location before verifying the request.
- Multi-payment integration
The app is incorporated with many secured payment gateways and payment methods such as digital wallets, credit/debit cards, and others.
Cater to international customers by providing them the language of their choice — easy integration of popular styles such as English, French, Spanish, and others.
Update customers with knowledge on special offers, booking authorization, the arrival of the vehicle, and much more via push notifications, SMS, and email.
- Search & filter
Consumers can search for vehicle type, location, and others through the app. They can refer to filters to improve the search result further.
- In-app messaging
Customers can speak with vehicle owners or service providers via the in-app messaging feature.
Users can invite their friends & family to join the app, and upon prosperous referrals, they receive exclusive discounts and other advantages as per
The calendar element showcases the dates each vehicle is accessible. Based on customer comfort, cars will be leased.
How much does it cost to develop a car (vehicle) rental app?
It is the first concern that occurs in the mind of every car rental owner when they intend to own an app. The cost to develop a car rental app depends on numerous parameters such as the company you hire, the developers you engage with, the number of features that are desired to be included in your app, the number of business locations you have, the tech stack, and API wielded in designing the app, etc. Mobile application development cost in the USA the average cost will be $15,000-$40,000.
Every business requires a mobile app to simplify business operations. Car rental app development is a godsend blessing to car owners since these apps have attained high popularity after the overture of app likes Uber rental services.
Hire mobile app developers in California, that is eligible to design and develop a high-performance car rental app and continual support in the technical expenditure for your business.
ThinkStart Private Limited is a leading Car Rental App Development Company, cultivates innovative car rental apps that assess the search for rental cars by smartphone users nearby the place while your app accumulates the credibility and trust of your customers.