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Peloton is launching a smaller, cheaper version of its treadmill in the US. The Peloton Tread will cost $2,495.

Published by Business Insider on Tue, 23 Feb 2021

<p><img src="https://static3.businessinsider.com/image/6034cf48bed5c50011a2bfa4-2400/Peloton.jpeg" border="0" alt="Peloton Treafd" data-mce-source="Peloton"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>Connected-fitness company Peloton is launching a cheaper version of its treadmill in the US in May, it announced Monday.</p><p>The company currently sells its Tread+ for $4,295. The <a href="https://www.onepeloton.com/tread">new treadmill, Tread</a>, will cost $2,495.</p><p>The Tread, which is already available in the UK and Canada, has a slightly smaller frame than the Tread+, and has 59 inches of running space compared to the more expensive model's 67 inches. It also has a smaller touchscreen, and weighs a lot less, too.</p><p>Rather than the shock-absorbing slat belt used in the Tread+, the new version has a traditional running belt.</p><p>The new treadmill has a slightly lower maximum incline of 12.5%, compared to 15% for the Tread+. It also doesn't have what Peloton calls a "free mode," where users can push the belt on their own, which the company says "activates a different set of muscles."</p><p>But it has the same maximum speed, incline gradients, and 12-month limited warranty, Peloton said.</p><p>Sales launch on May 27, and the company is inviting customers to try the Tread by booking an appointment at a Peloton showroom.</p><p><a href="https://www.businessinsider.com/peloton-is-reportedly-launching-cheaper-treadmill-and-a-premium-bike-2020-9">Peloton first announced plans for the lower-priced treadmill</a> back in September, as Insider's Bethany Biron reported. The model is already available in the UK and Canada.</p><p>On top of the $2,495 price tag for the new Tread, customers will need to buy Peloton's monthly subscription to access its fitness classes. This costs $39 a month.</p><p>Business for Peloton has boomed during the pandemic, as people have worked out more at home. Earlier in January the company posted its best quarter ever, with <a href="https://www.businessinsider.com/peloton-fiscal-q2-2021-earnings-1-billion-in-revenue-2021-2">more than $1 billion in total revenue</a> in the second quarter of fiscal year 2021, and subscribers to its monthly membership were up 134% compared to the same time last year.</p><p>But its rapid growth has come with delivery issues, leaving customers with <a href="https://www.businessinsider.com/peloton-customers-outraged-continued-delivery-delays-2021-1">months-long delays and order backlogs</a>.</p><p>In response, the company's <a href="https://www.businessinsider.com/peloton-plans-to-make-tens-of-millions-of-bikes-2021-2">CEO John Foley announced plans to rapidly expand domestic manufacturing</a> by making "tens of millions of treadmills and bikes in the US."</p><p><strong>SEE ALSO:&nbsp;<a href="https://www.businessinsider.com/nautilus-increased-sales-152-percent-investing-in-connected-digital-fitness-2021-2" >The CEO of Nautilus reveals how the fitness company increased sales by 152% and rebranded the 'old school' vibe of its brands like Bowflex</a></strong></p><p><a href="https://www.businessinsider.com/peloton-treadmill-cost-tread-buy-launch-sales-fitness-home-gym-2021-2#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/worlds-most-expensive-liquid-thoroughbred-horse-semen-2020-3">Why thoroughbred horse semen is the world's most expensive liquid</a></p>
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