What Is The Cost Of Taxi Booking App Development?

The first name that strikes when someone mentions a taxi booking application is Uber. The platform has secured a dominant position in the market, inspiring many entrepreneurs to develop apps like Uber. Taxi booking apps like Uber have raised the bar– allowing users to book a ride effortlessly with just a few taps, and travel from one destination to another. Are you considering building a taxi booking app with the same seamless user experience as Uber? If yes, you should first analyze the cost of taxi booking app development. A taxi booking application will generally cost between $20,000 to $40,000. However, this range varies according to your unique business needs and many other factors that come along. 

In this blog, we will discuss the cost of developing a taxi booking app and the process in detail. 

What Is a Taxi Booking App? 

The taxi booking app is a specially designed mobile interface that facilitates cab bookings. Depending on the individual’s needs, this service can be used for intercity travel or within the city. 

Taxi booking apps have integrated payment gateways using which customers can pay for the service to the drivers. These apps are packed with so many features such as GPS tracking, in-app calling, and messaging, Some popular taxi booking applications are: Uber, Ola, and Lyft. 

Stats For Taxi Booking Business Globally: 

It is assumed that the taxi booking industry will cross $283 billion by 2028, expected to grow at a compounded annual growth rate of 4.2%.

In the last year itself (2024), the taxi booking business experienced exceptional growth of $57.2 billion. 

The growth in this market is humongous and is driven by multiple factors such as,

• Increased use of smartphones for comfortable bookings;
• The rising demand for transportation services;
• The secure-travel emotion because of the real-time tracking feature;
• The benefit of cashless travel;
• Ride-sharing options;

Why so much craze? It is because of the benefits it provides to the audience, customers, and drivers. 

Let’s look at the benefits of taxi booking apps for customers as well as drivers. 

For Customers:

• Quickly book a ride and travel around;
• Convenience and mobility that come along with taxi service;
• Book a ride in advance without delays;
• Real-time updates to the family;
• Travel without carrying any cash;
• Set the price of the ride;

For Drivers:

• Book rides instantly and earn money;
• Provide unique travel experience;
• Provide cab services as per their convenience;
• Can offer feedback and ratings to customers;
• Avoid cancellation of rides at the last moment;
• Contact customers easily and reach out to them to reach the location. 

With more people using the service, the market size of taxi booking applications will increase. Developing a taxi booking application to meet the rising demand is definitely a good idea. 

Different Types of Taxi Booking Apps:

There are two types of models that you can adopt for your taxi booking application idea. 

• Dedicated taxi booking apps:

If you already run an offline business and wish to expand online, you can develop a dedicated taxi booking app. This application will facilitate easy management of rides, customers, and vehicle tracking. 

Also, it gives you a chance to reach a broad customer base without involving any aggregator. To further enhance the bond with your customers, you can introduce various loyalty programs, discount coupons, etc, and attract more customers. 

• On-demand taxi booking application:

Also known as the aggregator model, an on-demand taxi booking application refers to developing a platform that bridges the gap between customers and drivers. Similar to Ola, Lyft, Uber, etc., you can develop a platform that facilitates taxi booking and earn commission. 

What Is The Cost of Taxi Booking App Development? 

In general, here is the table that highlights taxi booking app development costs. 

Factors Affecting The Taxi Booking App Development Cost:

Various key factors affect the final cost of taxi booking application development. Understanding the detailed breakdown of what factors affect how will help you in making informed decisions about application development. 

What Is The Average Time For Taxi Booking App Development? 

We follow a detailed mobile app development process which you can read in one of our blogs. Following the entire process step-by-step, it will take a minimum of 5 months and a maximum of 12 months to develop a fully functional taxi booking application.  However, if we are supposed to break down the time of app development, it would look something like this. 

This is just a tentative timeline and it may vary depending upon your unique requirements. But, we promise to deliver the app, at the earliest. 

Final Thoughts: 

We hope you have gained all the required information about taxi booking development costs. A lot of variables affect the cost of application development. If you wish to discuss any of it in detail or want to develop a taxi booking application like Uber, get in touch with us. Our super-experienced mobile app development service team will guide you through the process.