So, you have a great idea to invest in a car rental service and develop your peer-to-peer car rental app like Turo. What’s next? While you may have certain questions like how to develop the app? What things to consider? What are the costs involved in developing an app like Turo? Well, look no further! In this article we will cover all your questions and would help you to create a feature-rich and flexible peer-to-peer car rental app like Turo. Let’s get started!
If you want to travel to a different city or place for either a business meeting, or for a holiday trip, the first thing that comes to your mind is to arrange proper transportation facilities. Although public transportation is available in almost all the places, it still is not considered the convenient one. And not to mention, it also takes somewhat more time to reach your destination than it would tackle if you would go by your personal vehicle. So, the best choice that eventually comes to your mind is to rent a car.
And thanks to the digital world that we reside in, we today can rent a car hassle-free as per our convenience and needs by using our mobile phones. In fact, the car rental app has become a win-to-win scenario for both the travellers, and the car owners because of the innate benefits it offers to both of them. While a traveller can get a comfortable ride to his/her destination, the owners can earn a good amount of money by renting their cars. Let’s look at some stats to see what’s there in the global market for car rental apps.
1. The revenues of the car rental app market is expected to show an annual growth of 18.5% by the year 2024.
2. The market volume of car rental services will reach $105,285m by the end of the year 2024.
3. The average revenue generated by car rental apps in the US alone is $623.95
4. The number of users to use car rental apps by the year 2024 is expected to be 549.2 million.
Seeing this huge growth and promising future of the car rental app, many marketers have already started to invest in car rental apps. Here’s a list of all those who are playing big in the market.
Best Car Rental Apps
After seeing the amazing growth in the car rental market, many new and existing marketers upgraded their service and introduced a feature-rich car rental app into the global market. Let’s have a look at some of them.
First and the foremost name that comes in our mind when we talk about car rental apps is Hertz. It is one of the oldest and most popular car rental services that was founded in 1918 by Walter Jacobs. At present, the car rental giant operates more than 10,200 corporate and franchise offices throughout prime locations like North America, Latin America, Asia, Europe, and much more. And to match the specific needs of the modern-day users, Hertz has even shifted its services to web and mobile apps. According to sources, there were almost 7 million unique visitors on the web page of the company. Also, more than thousands of Hertz mobile app were downloaded by the Android and iOS users.
Avis is also one of the most pioneering car rental services in the world. It was founded in 1956, by Warren Avis, and from that day it became the first car rental company to operate from airport locations. Today, Avis has grown into a worldwide company with operations in almost 6000 locations in 165 different countries. Like Hertz, it also launched a car rental app in the global market to satisfy the needs of its digital users. With Avis car rental app, you can seamlessly lock or unlock your car, and can even flash the lights to identify your car standing in the parking zone.
Skurt is a Los Angeles based car rental startup that was founded in the year 2018. Since then, the company has worked hard to achieve brand recognition in the global market. And due to their quality performance, Skurt was also able to achieve Series A funding of almost $10m to raise the car rental services. The functioning of the app is quite simple, the user books the car from the app, and Skurt makes it available to them within 60 minutes of booking. Furthermore, Skurt also serves as a peer-to-peer service by linking with the fleet owners directly to help the travellers. The services of the company is currently available in Los Angeles, Miami, and San Diego.
4. Get Around
Last but not least is Get Around, another big name in the field of car rental service. With the Get Around car rental app, you can seamlessly book thousands of cars ranging from Toyota and BMW, to Tesla. Not only that, but you can also lock and unlock the car with the mobile app seamlessly, and can even check the fuel levels if needed. All in all, with this robust app, you need not meet the car owner in person that eventually saves a lot of time and cost.
As certain from the above app examples, the world has already started to leverage the car rental apps to make their journeys more efficient. And not just travellers, but the car rental apps are also benefiting the owners in an effective way. Do you also want to become a part of the same community? Don’t worry, we have got you covered! Read this blog till last to discover everything you need to know for developing a feature-rich car rental app like Turo.
Why do people like Turo?
Turo is a big name when it comes to car rental services. It was founded in the year 2009, and since then the service company is making huge profits by enabling the travellers to rent the cars as per their requirements. Turo is actively helping the travellers across all other top countries like the USA, UK, Canada, and so on. The customers can seamlessly choose a perfect vehicle like a jeep, a car, F-150 truck, or even a classic VW bus whatever suits them the best. And the best part is that all the vehicles are fully insured by the rental company, so neither the traveller, nor the owner has to worry about the cars.
Turo has been performing in the global market quite well. According to sources, there are almost 10 million users currently using the app Turo. Furthermore, almost 350,000 vehicles are registered on the robust car rental app. That means, more and more people are gaining benefits from this smart and flexible car rental app. Hence, one can seamlessly leverage this golden opportunity and can introduce an app like Turo into the global market to reap all those benefits.
Here are all the benefits that Turo provides to its users:
1. An extensive range of vehicles for the users ranging from car to buses.
2. Budget friendly services
3. The company also offers sports cars to the interested users.
4. Auto-insurance policy is effectively handled by the company.
5. Convenient and user-friendly platform.
How does Turo make money?
So far, we discussed some amazing benefits of the car rental app Turo that is luring the users from almost all the regions of the world. Let us now take a closer look at how this robust app makes money?
Now, we all know that Turo does not own any particular fleets or cars, instead, it connects the car owners willing to rent their car with the perfect travellers in need of the vehicle. So, the company generates revenues from every single connection they make. Meaning, Turo generates the revenues by charging a commission of approx 15% of the total cost excluding the taxes. Moreover, the company also makes some profits by charging some extra fees that include delivery charges, extra mileage, protection plans, and so on.
Besides that, keeping the comfort of the client and the profits of the organization in mind, Turo has also introduced a special feature in the app called ‘Extra.’ As the name suggests, the feature is specifically introduced for the users who want to add some extra options with their ride like child safety seats, a picnic basket, coolers, and much more. For instance, you can have a look at this BMW M3. if you hire a BMW car from another car rental company, it would probably cost you somewhere around $200 a day, but with Turo, you can rent that amazing car at just $62 per day. And not to forget, the extras are also an added perk that you will not easily find on any other car rental app.
Things to Remember Before Creating a Car Rental App
Now that you are convinced to build a car rental app, here’s something that you should consider to make your app a hit on the global platform.
Auto-insurance of all your vehicles should be the top most priority while investing in the car renting services. Like Turo, you should also provide the car owners the insurance policies to assure them about car safety. Moreover, you should also click pictures of the car before every ride to ensure that no further damages have been made by the traveller during his/her entire journey.
Safet of the vehicles is another vitalk issue that you need to address prior to renting the vehicle to a traveller. For instance, you need to check the license of the driver, payment information, and insurance score to get assured. Moreover, the starting and ending time of the journey should also be stated in the app.
3. Custom Development
Custom development is the most crucial step if you want to play big in the global market like other top car rental apps. Although there are many ready-made solutions available, custom development is an effective way to make your app different from the competitors. Meaning, you can include all the features that you want in your car rental app, and can even keep an eye on the development process as it proceeds further. Not just that, but a custom car rental app even helps you to address all your security issues by implementing a perfect security tool or system into your mobile app. Read more about the im,portance of custom development here in this article.
4. User-friendly Features
Last but certainly not the least is the user-friendly features. UX or in other words user experience is the most vital aspect when developing a software system or even a mobile app. Even if you have all the security tools and advanced features, if they are not accessible by your users then it is of no use. That’s why, you must always pay heed to implementing user-friendly functionalities in your mobile app to make it more effective for the global audience. To start, you can utilize some of our recommended features in your car rental app.
- Registration via social media
- Find a car by your location
- View the car information
- View the car location
- Contact the owner or driver of the car
- Read Reviews
- List a Car
- User Profile
- Calculate car value
- Add to favourites
- Book the car
- Digital payment options
- Provide Feedback
- Help Feature
How to Build a Car Rental App?
So, we are at the most awaited section of our article – how to develop a car rental app. So, without wasting further, let’s quickly dive into the process of developing a car rental mobile app.
1. Analyze Your Audience
So, firstly you need to analyze your target audience and their expectations from your app. Meaning, you need to have a clear idea of what all problems the customers are facing and how your app can solve that problem. For instance, in your case, the problem is not being able to find a perfect mode of transport for the travels, and your app can provide them with the perfect vehicle to solve their problems. Furthermore, it’s also equally important to analyze your competitors of the same niche. For that, you can ask certain questions to the common people like which car rental app do they use? What features do they find good? What features they think are of no use? After finding answers to all those questions, it is quite possible that you may develop an effective car rental app perfect for your users.
2. Select a Suitable Technology
The next big step is to pay heed to a perfectly suitable technology to make your app stand out from the crowd. And thanks to the digital world we live in, today we have multitude of technologies that can work wonders when implemented correctly in our mobile app. So, to help you further, we have listed some top technologies that can drive in sales for your car rental app.
GraphQL is a data query and manipulation language for APIs.
Last but not least is Express.js that is very popularly used by mean-stack developers to design and develop interactive front-end and back-end of the mobile applications.
3. Identify the Relevant Platform
Identifying the development platform is again a crucial task that you need to address while creating a car rental mobile app. Meaning, you need to carefully choose the mobile app development platform, viz. Android, iOS, Windows, etc, to target the users of that specific platform. However, you can even select cross-platform app development, i.e. apps for all the users to target a wider user-base.
4. Hire a Dedicated Development Team
After carefully analyzing your audience and selecting an appropriate technology, the next big step is to hire a dedicated team of development. Now, for that you have two options, either go for an in-house development, or outsource a mobile app development company. Although both the options have their significant perks, it is always considered a wise decision to go for outsourcing the development team. That’s because an experienced mobile app development company will give you all the out-of-the-box ideas to make your car rental app a hit in the global market. Furthermore, the excerpt developers there would have answers to all the issues that may come during the mobile app development process. Hence, it’s better to hire dedicated developers from an experienced mobile app development company like Matellio.
5. Testing and Deployment
The final step is to test and deploy your product on the global platform. Now remember, these days the trend of automated testing is on its peak. The reason being simple – it provides more accurate testing results and also gives your methods to solve those issues and make your app more smooth and efficient for your users. So, always try to go for an automated testing to make your product stand out of the crowd. Furthermore, make sure that you market your product enough before launching it on the global platform. Make effective marketing strategies and make sure that you create enough hype for your product to make it successful.
How much does it cost to develop a car rental app like Turo?
Like all the other on-demand apps, the cost of developing a car rental app also depends on some crucial factors. To name a few, we have:
1 Managerial Cost
2. Development Cost
3. Testing Cost
4. Cost of Platform
5. Customization Cost
Apart from all the costs mentioned above, there are more vital factors on which the overall cost of the development depends. To get an estimate of your car rental app, feel free to contact us.
Interested to know more?
Whether you want to know more or you want to develop a feature-rich and cost-effective car rental app, Matellio is always here to help you in the best way possible! We have certified developers and experienced testers who ensure that nothing hinders the growth of your car rental business. Whether you got any ideas or want consultation, we are always here to listen to you. Feel free to reach us to get your project started! Visit www.matellio.com/request-a-quote