Buying a new car in big cities can be expensive for individuals who earn a basic income. The great solution is the growth of focused car rental companies, providing a chance to earn millions of profits. Nowadays, mobile car rental apps are convenient options for users and also offer an incredible opportunity to people who are looking for promising start-up ideas. By using the same concept, you can create your own product for motorcycle rentals, bicycle rentals, scooter rentals and more. 

Building your car rental mobile apps could be a profitable business in the long run. This surely offers customers a smooth, easy-to-use and flawless experience. However, developing a car rental mobile app needs careful planning and a deep understanding of the market. In this blog, we will explain the easy process of how to create a successful car rental mobile app that stands out.

Car Rental Industry: Market Overview

• In the 2023 year, the car rental market is predicted to earn $99.27 billion in profits with an average revenue per user of $181.50.
• Western Europe is predicted to lead the growth as contributes 44% of car rental expansion from the 2022 year to the 2023 year.
• The global car rental industry will grow at an annual rate of 6.7% from 2020 to 2027 year.
• Volkswagen is a popular rental car in Lithuania, Norway and Latvia with 68%, 57%, and 51% of bookings respectively.
• The US embraces nearly 50% of the global luxury car rental market.

How Can We Make Money from Car Rental Business?

Here are many ways your rental car business can generate money.

Booking Fees

Startups can earn by charging a commission or a fixed fee for every transaction done through the application.

Subscription Model

Even you can even earn through a subscription model by offering a subscription or membership plan to regular users. By giving them exciting perks such as discounts or priority booking, you can keep your users interested.

P2P Listing Fees

If your app allows individual car owners to list their cars then you can charge a percentage of the rental price.

Premium Listing

New startups in the rental car app market can charge extra for better visibility such as placing listings at the top or highlighting them.

In-App Advertising

Even targeted ads from related industries or services can generate extra revenue.

Partnership & Affiliate Programs

Partnering with airlines, hotels and other businesses helps to earn commissions by referring customers.

Value-Added Service

Businesses can make money by offering extra services such as rental insurance, chauffeurs or GPS devices.

Note: – By using multiple ways to earn money, car rental apps can maximize profiles while meeting user’s requirements.

Easy Steps to Create a Car Rental App

If you want to create your own car rental app with a reliable mobile app development company then this section will guide you to run your business.

This step-by-step process of developing a car rental mobile app offers a flawless experience to your users and also helps to manage your business. 

1.  Conduct Market Research

Before you start building your car rental app or hire a trustworthy development company, it’s essential to conduct market research carefully. This will enable us to understand market trends, audience requirements, market needs and so on. T

This is the crucial step as it offers you a clear idea of what you offer to the audience and helps you define the app development needs.  

Reasons to Conduct Market Research

·         To know the audience’s requirements

·         To determine how your car rental app can boost your business

·         To improve your app idea and current strategies

·         To explore ways to earn money from your app

·         To define the app’s features and design

·         To discuss the issues your target audience faces

How to Do Market Research?

·         Browse the app stores and find successful car rental apps to study their features, design, performance and reviews.

·         Also, review the feedback that these apps received to understand the customer’s requirements.

·         You should also check any mistakes your competitors have made to spot new opportunities.

·         Hiring a reliable car rental app development company helps you to understand the market deeply.

2.  Define your Requirements for Your Business

Researching the car rental industry will help you clarify your app’s needs. It’s best to have your requirements ready before hiring a top mobile app development company.

To sort things out, we have provided the list of requirements you can consider for your car rental app. This helps you clarify your app needs to skilled developers when hiring them.

·         Mention all the features you need to add to your car rental app.

·         Choose one development platform among all these options like IOS, Android, cross a platform that works well on multiple devices.

·         Consider the advanced tech stack you need to use.

·         Decide on the UI/UX design including elements like fonts, logos and colors.

Note: – If you are unsure about which features or tech stack to choose then it would be great to talk to expert car rental service providers.

3.  Hire a Mobile App Development Company

Want to enter to car rental market? If you desire to have your own car rental app like Turo or Hertz then you need skilled mobile app developers. You can also outsource your project to a reliable mobile app development company to help you build a successful car rental app.

Many famous websites like Upwork, Clutch and Toptal with experienced agencies like eBizneeds provide a platform to partner with pre-vetted developers. If you are selecting a company then look out for their experience, past work portfolio industry, client reviews, ratings and their skills. You may also consider outsourcing your app development to eBizneeds as they have experience in creating on-demand taxi booking apps like Houdini and many more.

Create a User and Admin Panel App

If you want to manage your customers you need to build an admin panel alongside the app for satisfied users. The app development company you partnered with will already know this. The agency will help you create both applications for your chosen OS platform. It’s important to clearly communicate your requirements to the developers to ensure they deliver top-notch solutions. While the developers work on your project, you need to get regular updates to check on progress at regular intervals or milestones. This stage is essential and can greatly influence the success of your app.

Launch and Marketing

After your app is fully developed and free of bugs then the development team will launch it on different platforms. It may take a couple of days to successfully launch your app-on-App Store or Google Play Store. After launching the app, start advertising your app through various social media platforms to reach potential users and increase downloads.

Conclusion

In this post, we went through various steps that you need to follow to build your own car rental app. This step will help to understand user’s needs, business requirements, boost growth and increase profit. Now, these steps make the development process easy and also take your business to majestic heights.