
The concept of private car rental app has been popular in the USA, UK, and Europe for so long, but when it comes to India; this trend is rising.
And these days, hiring a car on rent is not limited to hiring a driver as well.
No doubt, many of us rent a cab/taxi from the local taxi spots and that too at a fixed price.
And there you are, all set to go..!!
You can leave whenever you want to, stop by wherever you want to, and you don’t have to worry about being in a rush as you don’t have to deal with a driver or a running meter.
Saves Money: Contrary, many people think that rental cars are costly; brands like Zoomcar or Myles easily prove that they charge half of what a local taxi stand charges you.


This is where the idea of renting a car comes in, which was a tedious process a few years ago, but thanks to car rental booking software that made it easy and convenient.
Now you can rent a car whenever and wherever you want, with a few taps on your smartphone.
The multi-billion dollar on demand transportation market is growing at a CAGR of 21.8%.
It’s no surprise that entrepreneurs investing in online car rental software development are witnessing growth at a rapid pace.
Plenty of studies and researches have been conducted to show the potential market growth of a car reservation software.
One of the perfect examples of an Indian car hire app, Zoom Car, started with 7 cars in 2013 and now it is serving with thousands of vehicles across the country.

The car rental business is one such platform that has gained good fame in recent years.
Demands for the car rental marketplace are getting on and that will open up the chances to do car rental business globally.
This blog covers the details regarding how the car rental marketplace is to be the money-making platform in the future, trioangle’s car rental script to take the car rental business in a new form, and the features to make you be a profitable startup owner.
Let's move on to the blog.
Towards Car rental Marketplace: Money-Making PlatformThe car rental marketplace is the platform where car owners and renters participate to earn good revenue.
On the basis of the sharing economy concept, the car rental marketplace is getting a huge hype and provides solid options to generate revenue.

Car rental business is lucrative in metro cities where the population density is high.
Additionally, the business model and the marketing strategy for the car rental business must be implemented.
Nowadays the car rental industry is getting more and more competitive.
There are few attributes mentioned below needs to be considered in order to make car rental business successful.
Selection of Type of Car Rentals:Broadly, the car rental industry is categorized into two segments.
Long distance car rental business includes outstation, local usage, and others comprising primarily leisure activities.

I’m going to share the must-have features which should be available in any of peer to peer car rental marketplace.
These features may help you get more customers by providing a better experience and stand out from the crowd to become a successful one in the competition.Peer to peer car rental marketplaceIt is also known as people car sharing and the process whereby existing car owners make their vehicles available for others to rent for a short period of time and also earn some money out of it.
This serves as a lower cost, enables faster transactions, and also makes convenient for both the providers and also users.The business model of car rental marketplaceChoosing the right business model helps to make good revenue and also business growth.1.Commission-basedIn the car rental marketplace, it is the most common feature that the commission-based on fixed or percentage of the transaction value to be cut from the amount paid by the renters.
Website owners can charge a nominal fee for every booking from the car owner and also the renter.2.Featured listingAnother simplest way to earn revenue is featured listing.
Car owners who want to get more bookings can brand their listing on the homepage of the website.
It helps them to earn more revenue by highlighting the product in top search results.

Companies want to make use of this favorable market condition for their growth, and thus, are jumping into the development of car rental software to operate their rental businesses.
So, here we have listed the set of key features that should be included in the car rental software developed in the coming years, especially 2020.Tracking of rental cars:One of the primary issues in the car rental business is car theft.
Also, the speed of the cars can be detected, helping to eliminate vehicle accidents.Inventory management:Effective management of fleets is a must for car rental businesses, especially for the growing ones.
The drivers can also locate the passengers with ease, helping them to reach the customers’ destination on time.Real-time reporting:Businesses managing a large number of fleets find it challenging to keep a record of their cars and their operations.
With car rental software on board, it becomes relatively easy to view information such as distance covered, amount billed, duty registers, chauffeur reports, etc.
Also, ensure that the payment options are free of cyberattacks, ensuring the security of these payment modes.Paperless transactions: Tools in car rental software supports electronic billing, invoicing, and storage of business transactions, aiding businesses to go paperless.
