Cost estimations for creating a car rental app similar to Ekar.
In the rapidly evolving world of technology, the car rental industry is experiencing an unprecedented growth spurt. By 2025, the total sales in the car rental market are expected to reach an impressive $110,894.2 million. This surge has led to a flurry of activity in the development of car rental apps, one of the most notable being Ekar, a self-drive mobility company based in the Middle East.
The process of developing a car rental app is meticulous, involving the identification of a niche, thorough market analysis, research, collaboration with an app development company, the creation of a Minimum Viable Product (MVP), and subsequent improvements based on MVP feedback. The cost to develop an app like Ekar can range from $20,000 to $300,000 or more, influenced by numerous factors such as app platforms, features, tech stack, team structure, and overall complexity level.
Ekar, for instance, offers a pay-as-you-drive business model, allowing users to pay by the minute, hour, day, week, or month. Advanced features in the Ekar app include in-app camera functionality, CRM integration, and in-app chat options like text, video, and voice chat, all of which are favoured by users.
The Ekar app also boasts a robust dashboard, designed to display real-time in-app data in an organized manner. Content management features enable admins to decide what goes where and what content shows to everyone using the app. Revenue management provides a comprehensive view of the complete history of all transactions and their revenues.
To monetize a car rental platform like Ekar, strategies can include commission-based fees, service subscription fees, and car rentals. The Ekar car rental platform has raised over $17 million of investment since its launch in 2016, testament to its success.
In the UAE, the self-driving car rental segment is growing at the fastest rate in the car rental industry, with a Compound Annual Growth Rate (CAGR) of 12.4%. This growth is mirrored in other regions, with several car rental and carsharing companies engaging in app development in recent years. However, specific companies and their app development costs are not detailed in the available information.
The MVP version of a car rental mobile app can cost nearly $20,000 to $100,000. Essential features for a car rental app include two-factor authorization, customized rides, live vehicle tracking, a payment gateway, a quick trip-matching algorithm, driver accreditation, ride management, route optimization, language settings, order and earning history, and more.
In addition to Ekar, the development cost for a car marketplace app like Autotrader is similar. Advanced features such as a bonus payment system, vehicle type management, and a bonus payment system can further enhance the user experience.
For those looking to convert their app idea into a successful reality, Appinventiv UAE, an experienced on-demand app development company, can provide the necessary expertise. With a focus on delivering high-quality, innovative solutions, Appinventiv UAE is well-equipped to help navigate the complex world of car rental app development.
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