Hello there! Ride-hailing services are the most demanding and competitive in today’s times. Taking into account the huge demand for private taxi services and the market scope, developing a taxi booking app will be the best decision.
Here you will get comprehensive guidance on taxi app development, its features, and cost of development. Before that, we shall get to know some of the successful forerunners in taxi services.
Top market leaders in ride-hailing app services
Uber is the first among the on-demand taxi service providers. The company is based out of the U.S. The company was founded in the year 2011 when it started with ride-hailing services alone. Later, Uber started to benchmark its services in other niche markets like food delivery logistics, etc. The company has around 71% market share for ride-hailing services and 21% market share for food delivery services.
The company follows a dynamic pricing model, where the cost of rides is based on the current market situation, and the demand for ride-hailing services.
Lyft is the second leading taxi service provider in the United States next to Uber. The company offers ride-sharing services which are preferred by many users. Users show an affinity for ride-sharing services as the total fare amount will be split among the passengers. The company holds 30% of the market share in the U.S. and operates in 144 cities in the United States, and 12 cities in Canada.
Cabify is a ride-sharing service provider that is based out of Spain. The company is famous for providing a wide range of taxi services. The taxi services include Lite, Executive, and Easy taxi services. Their service became popular for a wide range of sophistication like multiple stop points, WIFI facilities, beverages, etc.,
These three market leaders are currently ruling the ride-hailing industry for over a decade. Next, we will learn the value propositions you can provide for users and drivers.
Value propositions you can provide to your stakeholders
For your taxi services business, users and drivers are the stakeholders. First, let us see the value propositions that you could add to your users.
- Affordable pricing
- Wide range of vehicles
- Ability to track vehicles
- Knowing the fare of rides before rides
- Frequent offers and promo codes
These are the key value propositions you can add to your users. Next comes the value propositions for drivers.
- Flexible working hours
- On-time payment credit
- Multiple rides per day
- Navigation assistance while driving
If you implement these value propositions into your taxi services business, I am sure that users and drivers will extend their patronage for a long time.
Interesting features your ride-hailing app must have
The User App
- Schedule rides
- Track location of taxis
- Multiple payment modes
- Ride history
- Fare estimator
- Vehicle arrival time estimator
- Reviews and ratings
The Driver App
- Accept or reject rides
- Availability toggle
- Earnings report
- Live route navigation
The Admin App
- Track taxis
- Revenue management
- Offers management
- Review management
Ride-hailing app development – Complete insights
We have entered the core part of this blog on taxi app development. Here, we will see the stages involved in Uber clone taxi app development.
You might think about what is so special about Uber clone app development. The app has a different set of real-time features that will benefit both users and drivers. For your reference, the Uber clone app development is the most developed ride-hailing services app in recent years. Hence, we shall see how to develop the app in the below steps.
- The initial step is to examine the market conditions, competitors, and the niche in which you want to venture into. Once you devise all these key components, you will have to approach a taxi app developer.
- Sit for a meeting with their development team, know their previous app development projects. Once you are convinced with their previous portfolios, tell them your app development idea and the customizations to consider.
- The developer team will note down your app requirements and build a demo app.
- Based on the satisfaction level of the demo app you can proceed with the next steps.
- Once the customization phase gets over, the app will undergo testing.
- After the successful completion of the testing phase, the app will be set ready for deployment.
Cost determining factors of ride-hailing app development
Firstly, there is no fixed cost for developing the taxi app. It depends on your developer. However, the cost can be predicted based on a few determinants. They are platforms you choose to launch the app, the number of features you integrate into the app, the technology stack used by the developer, and certain industry standards.
With great insights from this blog, I am sure that you will launch a ride-hailing app and propel it forward. Get ahead of the competitive market by implementing a flexible business model that gains the attention of your potential customers.