Sign Up Now and Get FREE CTO-level Consultation.
Request a FREE Business Plan.
With the advent of technology, the on-demand ecosystem has seen a sudden boom. One category of this on-demand ecosystem is ride-sharing. If we go with a survey, the global ride-sharing market is expected to reach 332.50 billion USD in 2023 and 378.80 billion USD by 2027 with an annual growth rate of 3.31% (CAGR 2023-2027). Apart from this, the number of users is estimated to hit a whopping 1,452.8 million by 2027.
So if you are planning to develop a ride-sharing or ride-hailing app like Uber, Lyft, or Gett, you are on the right track. But developing these types of apps demands a huge budget. So proceeding without having a clear-cut cost estimation can cost you more.
Well, to help you out, this blog is going to take you on a journey where you will get an estimated cost to develop a ride-sharing or carpooling app like Uber or Lyft.
Well when it comes to investing time, money, and other resources it is better to invest in a business that can grow for years to come. Ride-sharing business is one such business that has numerous possibilities. It not only helps you earn a high ROI (Return on Investment) but also offers other benefits like a solid customer base, brand visibility, and so on with less supervision. Even if we consider some key statistics they speak out loud about the benefits of developing ride-sharing apps like Uber or Lyft.
Needless to say, developing a ride-booking app like Uber or Lyft is a win-win strategy whether we consider the current scenario or the future.
Bonus Read: Lyft vs Uber: Who Is Winning the Ride-Sharing Battle?
A ride-sharing app must offer a rich user experience. Whether it’s a rider, driver, or the admin itself, all must be able to operate and take maximum advantage of the app without any lag or error. In order to do so there are some essential features that your app must have. Let’s go through them one by one.
Wait!
Don’t want to read the whole list of features?
We have a solution for you…
Also Read: How Do Apps like Lyft Work | Business Model and Relevant Features
The cost to build a ride-sharing app like Uber or Lyft depends on a number of factors. Ranging from customization to the region where your app development agency is located, all these types of factors decide the overall cost. Let’s have a walkthrough of some factors that affect the cost the most.
This is because the Android app costs more as compared to iOS due to its complexity as it has to be used on multiple devices. The same is the case with a native app which costs more than a hybrid app.
Well when it comes to the final cost, you must understand that mobile app development solutions never come at a static price. It all depends upon the factors that are discussed previously. So if you want to add advanced features, high-end UX/UI, and so on, it will cost you more.
To give you a rough idea the estimated cost to develop an app like Uber or Lyft will lie between $30,000 – $120,000 taking an hourly rate of $30/hour. For better understanding, the hour and cost breakdown is presented in the table.
Alert – Hidden Cost: Apart from the initial development cost you are also required to spend 15 to 20% of the total app development cost per year for maintaining and updating the app.
Apptunix is an award-winning mobile app development company with a solid track record. It has successfully served clients across the globe and earned free advocacy from local and global clients. Moreover, when it comes to an uber app clone or uber like app development, Apptunix holds vast experience.
With dedicated ride-sharing app developers, Apptunix currently serves over 200 Uber-like app businesses. Then why not take advantage of the situation and become part of the billion-dollar industry?
Additional Bonus: Want to know the right approach to taxi-booking app development?
You got it!
No need to read more text. Watch the video on Uber-like app development to understand the complete process in detail.
Q 1.How Much Time Does It Take to Develop a Ride-Sharing App like Uber or Lyft?
On average, a ride-sharing app like Uber or Lyft takes about 4-8 months to develop. Rest it all depends upon the customization you want as per your business requirement.
Q 2.What is the Minimum Cost to Develop a Ride-Sharing or Taxi-booking App From Scratch?
With basic features, a ride-hailing app like Uber or Lyft will cost around $30,000. Rest it all depends upon your specific requirements.
Q 3.Which is the Top Ride-Sharing App in the US?
When it comes to the US, Uber is the leading ride-sharing app with about 71% of the market share. More than 25% of Americans use Uber at least once a month.
Q 4.How Much Does It Cost to Maintain a Ride-Sharing App?
It generally costs around 15-20% of the total app development cost per year. However, some companies offer huge concessions to their clients during the early stages. You can schedule a free session with us to get details on the concessions we offer.
(5 ratings, average: 4.60 out of 5)
Get the weekly updates on the newest brand stories, business models and technology right in your inbox.
With about 7 years of experience (Technical & SEO Writing) and a solid technical background (Master of Technology – E.C.E with Wireless Communication as specialization), he has worked both as a freelancer and on a regular basis for prestigious IT organizations across the globe. Whether it’s Blockchain, Metaverse, Artificial Intelligence (AI) & Neural Networks, Machine Learning (ML), Internet of Things (IoT), Cyber Security, Cloud Computing, 5G Technology, or some other trending technologies he has written whitepapers, eGuides, blogs, technical documentation, guest posts, and so on for almost all. Here at Apptunix, he is generating B2B content.
Discover how the latest advancements like Artificial Intelligence in telemedicine are reshaping patient care. This comprehensive resource offers insights into the key trends and innovations driving this shift, providing valuable knowledge for healthcare professionals looking to stay ahead.
Download Now!Pay in EASY and FLEXIBLE INSTALLMENTS.
3rd Floor, C-127, Phase-8, Industrial Area, Sector 73, Punjab 160071
Suite #304, 11200 Manchaca, Austin, Texas, US, 78748
The Binary by OMNIYAT, # 709, Level 7, Business Bay, Dubai, UAE.