Are you looking to tap into the growing taxi booking market by investing in cutting-edge app development. Nowadays, with increasing reliance on smartphones, demand for reliable and convenient transportation services is growing rapidly. As a result, businesses are leveraging the power of advanced technology to change the way people book and travel in taxis.
In a study, I found that by 2024, this market is predicted to generate US$167.60 billion in sales. Furthermore, a projected global market volume of US$212.80 billion is anticipated by 2029 at a compound annual growth rate (CAGR) of 4.89%.
As per these market stats, investment opportunities in taxi booking app development ensure a great return and enable businesses to be at the forefront of innovation in the industry.
So, if you also want to develop a taxi booking app like Indrive, you have come to the right place. Read this blog till the end.
Quick Summary: Know how to create taxi booking app, its key features, cost, and suitable tech stack for taxi booking app development. Apart from this, also learn why you must invest in such an app development and how can you earn extra revenue with the taxi booking app for Android or iOS.
What is Indrive- A Taxi Booking App?
Indrive is a taxi app that offers a cost-effective and flexible travel method. Unlike traditional taxi booking applications, this app differs because it charges drivers commissions. Indrive is one of the best taxi booking apps that lets drivers set their fares. Riders and drivers can agree on a mutually acceptable fare before beginning the ride.
Hence, this bid-based system promotes fairness and flexibility and empowers users to find more competitive and affordable rates. The app has gained huge popularity in different nations. Its interactive approaches can lead to affordable rides, specialty during peak hours or as per the demand.
Future Prediction of Taxi Booking App
Ride-hailing – Worldwide
- It has been estimated that by 2024, this market’s revenue will have exceeded US$167.60 billion.
- In addition, the global market is anticipated to reach a projected value of US$212.80 billion by 2029 at a compound annual growth rate (CAGR) of 4.89%.
- The ride-hailing sector is expected to experience a notable surge in user numbers, with an estimated 2.31 billion users by 2029.
- The user penetration rate is anticipated to have increased to 28.6% by 2029 from its forecasted 23.1% in 2024.
- Roughly US$93.59 is expected to be the average revenue per user (ARPU).
- In 2022, ride-hailing revenue exceeded tax revenue in the United States by almost double. The ride-hailing industry is expected to grow from 45 billion US dollars in 2022 to 54 billion US dollars in 2027.
- According to projections, the taxi sector’s revenue will decrease from approximately 24 billion US dollars to less than 21 billion US dollars. This is because the shared transport industry is migrating to online sales channels.
Top 5 Taxi Booking Apps
It’s a wise financial decision to invest in ride-hailing app development. However, before you dive into this, be familiar with the market landscape. Here is a list of the top taxi booking apps, you must study to understand the market:
- Gett
- Turo
- Lyft
- Uber
- bolt
1. Gett
Gett is a popular ride-hailing application in Israel and Europe. It offers its services in more than 20 countries. A taxi booking app like Gett offers various services, including Gett Comfort, Gett XL, and Gett Black.
2. Lyft
It’s another taxi booking platform providing services in over 200 cities in Canada and the US. Apps like Lyft offer several services, including Lyft Plus, Lyft Line, and Lyft Lux, providing a seamless user experience.
3. Uber
It’s one of the most popular ride-hailing apps worldwide, providing services in more than 600 cities. The app like Uber offers a range of services, including UberBlack, UberSUV, UberPool, and UberX.
4. Turo
This peer-to-peer car rental platform allows riders to rent cars from other people. Car rental apps like Turo offer services in over 5,000 cities worldwide. To build an app like Turo, ensure all its features are included in your online taxi booking app.
5. Bolt
The app is very popular in Africa and Europe. It provides services in more than 100 cities within 30 nations. Taxi booking app like bolt offers different services, including Bolt Comfort and Bolt XL, meeting user’s diverse needs.
How Do Taxi Booking Apps Work?
Before developing a ride-hailing app, you must know how the apps work. With the following steps, let’s understand how a taxi booking app works:
- Registration
- Location Tracking
- Request a Ride
- Driver Matching
- Ride Information
- Payment
1. Registration
First, users must create an account on the taxi booking app using their phone number or email address to enjoy the app.
2. Location Tracking
The ride-hailing app uses the user’s GPS to determine the current location so drivers can reach it. This ensures effective location tracking.
3. Request a Ride
Now, users enter their pick-up and drop-off locations. They can also select the type of vehicle they prefer, according to their convenience and budget.
4. Driver Matching
At this phase, the taxi booking mobile app connects users with the nearest available drivers and chooses the one who is ready to pick up the riders.
5. Ride Information
Now, users receive all the information about the driver, their estimated arrival time, fare estimation, and vehicle details.
6. Payment
At last, the fare is calculated appropriately based on time and distance. Users can select from different payment options including digital wallets or cash.
5 Benefits of Developing the Taxi Booking Apps
Are you familiar with the taxi booking app benefits that a business enjoys by investing in its development? If yes, you might have already invested in its development. However, if you are unfamiliar with its benefits, let’s understand how investment in ride-hailing app development can benefit your business:
- Brand Recognition
- Increased Revenue
- Enhanced Operational Efficiency
- Scalability
- Competitive Advantage
1. Brand Recognition
Developing an on demand taxi booking app that provides satisfactory customer service will create a strong online presence for your brand. It will enable you to build a positive reputation and attract new customers regularly, improving your urban image.
2. Increased Revenue
Investment in a well-designed car rental Software development can significantly boost your business revenue. By providing a reliable and convenient platform for users, you can quickly gain users’ attention, increasing your earnings. You can also generate revenue with app monetization techniques like in-app purchases, subscription models, and so on.
3. Enhanced Operational Efficiency
Ride-hailing mobile apps streamline business operations by automating different tasks, including dispatching, billing, and tracking driver performance. Hence, if you develop a taxi booking app like Indrive, it reduces administrative costs while improving overall efficiency.
4. Scalability
As you know, taxi booking applications are in high demand. This allows businesses to expand their operations and serve big customer bases easily. Hence, with the growing demand for such taxi app solution, you can add more drivers and vehicles to your app, ensuring the scalability of your app.
5. Competitive Advantage
If you want a significant edge over the competitors, developing a taxi booking app is the best option. By offering an excellent user experience with innovative features in your taxi booking app Android or iOS, you can attract more customers and differentiate yourself from the competition. Hence, this will help you survive in today’s competitive market in the long run.
7 Key Steps to Develop a Taxi Booking App Like Indrive
Do you want to stand out in today’s automotive market? If yes, you have made the right decision by investing in developing a white label taxi booking app. However, do you know how to make a taxi booking app? Here is how you can bring your dream to life with a well-structured and creative mobile app development process:
- Conduct Market Research
- Choose the Best Tech Stack
- Craft an Intuitive UI/UX
- Develop the App
- Testing and Quality Assurance
- Launching and Marketing
- Provide Continuous Support and Upgrades
1. Conduct Market Research
When you begin the taxi booking app development journey, diving deep into the market landscape is critical. Market research will help you understand your target customers’ needs, challenges, and behaviors. In addition to potential users, you must also examine your competitors’ working strategies and strengths and what makes them weak. Additionally, by analyzing the market gap, you can offer something new and attract more users.
2. Choose the Best Tech Stack
You must understand that the tech stack contributes to the app’s success. If you want to develop a taxi booking app like Indrive, this invisible engine will empower everything from real-time ride tracking to seamless transactions. You are advised to hire a taxi booking app development company to choose the right tools to ensure your taxi booking app is functional and scalable for future innovation.
3. Craft an Intuitive UI/UX
User interface and user experience are the other critical elements that ensure the app’s success after the tech stack. Your app’s UI/UX must be user-friendly, visually appealing, and unforgettable. The user interface is all about crafting an effortless user journey. Every button, color, and screen in your taxi booking app must work together, smoothly guiding users through booking a ride, payment, and rating their experience.
4. Develop the App
Now that you have your market research, suitable tech stack, and design blueprint, you can bring your taxi booking app to life. Here, the iOS or Android app development company breaks the app development into different stages—perhaps starting with the riders and direct apps, followed by the admin pane.
This also ensures that some of the unique features in your taxi booking Android app, including fare estimation, an effective payment system, and feedback options for seamless user experience, are considered.
5. Testing and Quality Assurance
Before introducing your taxi booking app to the market, ensure it is error-free and functional. Remember that testing is not negotiable. Here, an Android or iPhone app development company ensures that all the features, from registration to payment gateways, are performed seamlessly under different testing.
This phase of taxi booking app development ensures that all the bugs and glitches are identified and resolved and that the app is ready to use.
6. Launching and Marketing
Finally, the time has come for you to introduce your taxi booking app to the market. However, deploying your app for booking taxi is more than just hitting the publish button.
You are advised to create a comprehensive marketing strategy to create buzz around your app. For this, leverage email marketing, social media, partnering with influencers, and using app store optimization to rank.
7. Provide Continuous Support and Upgrades
You need to understand that launch is just the beginning. If you want to stay ahead of the competition, ask a mobile app maintenance service provider for continuous support and regular updates to your app.
You can make necessary adjustments to your taxi booking app by monitoring user feedback. Moreover, keep yourself up-to-date with the emerging market trends to remain competitive and survive for an extended period.
Dev Technology has provided outstanding services in developing our taxi booking app. Their communication, expertise, and attention to detail ensured a smooth process and an excellent outcome. I highly recommend Dev Technosys, a leading mobile app development company, to those looking for a successful ride-hailing app development.
-Alex Corey
Must-have Features of a Taxi Booking App
If you want to make a successful ride-hailing app, install features that cater to the different needs of passengers, drivers, and administrators, ensuring a seamless user experience. If you are also searching for the same, consider the following unique features to make a taxi booking app:
Riders Panel
Features | Descriptions |
User Registration and Profile Management | Develop a taxi booking app like Indrive that lets users create and manage their profiles, including personal information, payment methods, etc. |
Booking and Scheduling Rides | Enable users to book scheduled routes, pick-up and drop-off locations, choose vehicle types, and add special requests. |
Real-time Vehicle Racking | This feature lets riders track their direct real-time location on a map, providing transparency and estimated pickup time. |
In-app Payment and Wallet | Create a mobile app that provides a seamless user experience and offers users different payment options, including digital wallets, debit, credit cards, or cash. |
Rating and Feedback | With this feature, passengers can rate the drivers based on their experience and give feedback to improve the service further. |
Driver Panel
Features | Descriptions |
Driver Registration and Verification | Let drivers sign up and submit necessary documents, ensuring only qualified candidates can drive. |
Notification and Acceptance | Develop a taxi booking app like Indrive that allows drivers to receive incoming ride requests and accept or reject rides. |
Navigation and Route Optimization | Hire mobile app developers to integrate GPS navigation into your taxi booking app, giving drivers access to pick-up and drop-off locations. |
In-app Communication | Create a taxi booking app that lets drivers communicate with the riders through call or in-app messaging, helping to coordinate pick-up and other things. |
Earning and Transaction History | Your booking taxi app must display a detailed earnings breakdown, including completed rides, commissions, and bonuses. |
Admin Panel
Features | Descriptions |
Ride Monitoring and Analytics | Provide users with ride’s real-time monitoring, including driver locations and trip statuses. Analytics tools help track key performance metrics. |
User and Driver Management | Develop a taxi booking app like Indrive that allows the admin to manage driver and rider profiles, including document verification and resolving account issues. |
Fare Management | Enable admin to set and adjust fare rates, including per-mile chase, base fares, etc. Allow flexibility pricing strategies based on demand. |
Promotions and Discounts | With this feature, the admin can create and manage discount and promotional codes, attracting and retaining users and increasing user engagement. |
Safety App and Security Monitoring | This feature in the taxi booking app ensures safety, such as trip tracking, emergency buttons, and verification processes. This enable ambient to address safety concerns. |
Cost Analysis to Develop a Taxi Booking App Like Indrive
Whenever entrepreneurs decide to build taxi booking app like Indrive, a major question arises: What is the car rental app development cost? If you are also one of them, you must understand that it’s impossible to determine the exact cost of the ride-hailing app development.
The cost depends on a range of factors, such as the app’s features, development team, design, and many more. Moreover, the taxi booking app development cost also depends on app’s complexity level, as mentioned in the table below:
Taxi Booking App Development | Estimated Cost | Time Frame |
Simple Taxi Booking App Development | $10000 – $15000 | 3 to 6 Months |
Medium-Complex Taxi Booking App Development | $15000 – $21000 | 6 to 9 Months |
High-Complex Taxi Booking App Development | $28000+ | 10+ Months |
How Do You Make Money With Taxi Booking App Development?
Do you want to earn money with the taxi booking app development? If yes, you can adopt any of the following app monetization techniques:
- Advertising Revenue
- Commission-based Model
- Subscription Fees
- In-app Purchase
- Data Monetization
1. Advertising Revenue
You can display relevant ads to users, such as promotions from local businesses or offers from partner services. This will enable you to earn revenue based on clicks, impressions, or user actions. Hire taxi app developers to develop your app accordingly.
2. Commission-based Model
It’s a popular app monetization strategy in which app owners get a commission on each ride booked via the app. The commissions can be a fixed percentage of the fare per ride. The commission-based model incentivizes drivers to join the app while ensuring steady revenue for app owners.
3. Subscription Fees
You can charge a monthly or annual subscription fee for a consistent income. As per the iOS or Android app development services provider, you must provide users additional benefits such as reduced wait times, priority booking, or exclusive discounts.
4. In-app Purchase
If you develop a taxi booking app like inDrive, an in-app purchase is the best option. This model allows users to purchase additional features or services, such as adding extra stops, booking luxury vehicles, or accessing premium customer support.
5. Data Monetization
Businesses can analyze user preferences, behavior, and trends within the taxi booking app and then sell these insights to third-party businesses. Hence, entrepreneurs can generate additional revenue, provided that data collection.
Tech Stack for Taxi Booking App Development
As you are developing a ride-hailing app, it require the use of tools and a tech stack. However, most businesses are unfamiliar with the technology they should use in their app. If you are also in the same category, there is no need to worry; here is a list of the tech stack you can use for your app:
Component | Technologies |
Frontend | React Native, Flutter, Swift, Kotlin |
Backend | Node.js, Java (Spring Boot)
Python (Django/Flask), |
API Integration | GraphQL, RESTful APIs, SOAP |
Database | SQLite, PostgreSQL,MySQL, MongoDB, Firebase |
Analytics | Google Analytics, Firebase Analytics |
Authentication | OAuth, JWT |
Push Notifications | Apple Push Notification Service, Firebase Cloud Messaging |
Version Control | Git, GitHub, Bitbucket |
Deployment | Apple App Store, Google Play Store, TestFlight, Firebase App Distribution |
Wrapping Up!
This blog has determined that with the growing demand for convenient transportation, the future of the taxi booking app is bright, and there is no sign of slowing down. Investment in a ride-hailing application can open the door for your business expansion. It also enables businesses to make a strong online presence, improving brand image. Be at the forefront of today’s competitive market by investing in developing a successful taxi booking app.
So, if you want to develop a taxi booking app like Indrive, it would be better for you to hire dedicated developers from a reputed taxi booking app development company. Dev Technosys is one of the most reputed and experienced app development companies, ensuring clients meet all the business goals while exceeding users’ expectations.
Frequently Asked Questions
Q1. How Much Does It Cost to Develop a Taxi Booking App Like Indrive?
The cost to develop a taxi app may vary from $8,000 to $28000. It depends on various elements, such as the app’s complexity level, features, development team, and more.
Q2. How Long Does It Take to Develop a Taxi Booking App Like Indrive?
If you want to develop a taxi booking app like Indrive, the average timeline can be 3 to 7 months. Moreover, the time also depends on the project’s requirements, as its high complexity requires more resources and time to develop.
Q3. What are Some of the Future Trends in Taxi Booking App Development?
If you develop a taxi booking app like Indrive, consider the following emerging trends:
- Autonomous vehicles
- Blockchain for secure transactions
- Augmented reality for in-app navigation
- Integration with electric vehicles chagrin station
Q4. How to Reduce the Cost to Develop a Taxi Booking App Like Indrive
You can reduce the mobile app development cost in the following ways:
- Prioritize core features
- Adapt- MVP (minimal viable product)
- Use existing platform for app development