Lower Cost Peloton Treadmill Version 2 Rumors & Information
Release date, pricing, information, shipping information & cost, details and rumors about the lower cost / cheaper Peloton Treadmill Version 2.
The Peloton Tread, originally announced at CES in spring of 2018 and shipping in summer of 2018, is a product that is loved by most Peloton users who have it. The issue is the cost – retailing at $4,295, it is simply not affordable to most people who want it. The quality and feel of the Peloton Tread is comparable to the best in class Woodway Treadmills, however, being a high quality device doesn’t help people who can’t afford it.
Based on that, Peloton has been developing a cheaper alternative to their Peloton Tread – known as the Generation 2 or Version 2 Peloton Treadmill. In November of 2019, Bloomberg published an article confirming the development of the lower cost Peloton Tread to be released in 2020 (as well as information about the Peloton Rower). Throughout early 2020 Peloton executives have been making references to newer, cheaper versions of the Treadmill as well. At this point it is expected that the new version of the Peloton Tread will be announced the weekend Peloton Homecoming was scheduled for, on May 3rd-5th 2020.
If Peloton is releasing a lower cost version of the Peloton Tread, the question becomes – What are the differences between the generation 1 and generation 2 Peloton Tread? Until an official announcement is made, no one can confirm for sure. However, rumors point towards several changes being made to allow Peloton to lower the price point. The biggest change will be that the newer Tread will be smaller in size and weigh less. At the Goldman Sachs Technology Conference in February of 2020, the CFO of Peloton, Jill Woodworth spoke about the new lower cost Peloton treadmill with investors. During this talk, she confirmed that the new Peloton Tread would not have a slatted running belt, which produces a more natural, realistic feeling. It will instead be a traditional single-piece treadmill belt. Based on other leaks in early April 2020, we also know that the Tread is likely to use the new TTR01 (PLTN-TTR01) tablet, which is a 22″ tablet also to be used on the Peloton Rower, as opposed to the 32″ tablet found on the existing Peloton Tread. This tablet was first revealed via a FCC filing that was made public in January of 2020.
What will the generation 2 Peloton Tread cost? is probably the biggest outstanding question. At the February 2020 Goldman Sachs Technology Conference, CFO Jill Woodworth also indicated that the new treadmill would be priced similarly to the current generation Peloton bike. That would put the price of the new generation 2 lower cost Peloton treadmill to be around $2,300 USD.
Since the original Peloton Tread was released, competition has heated up. At CES 2020, the Amazfit Home Studio was shown. It combines interactive classes, like the Peloton Tread, with a very large screen, like the Mirror. As time passes, more and more competitors will come to market, most certainly to be priced lower than the Generation 1 Treadmill. Peloton will be forced to respond somehow, or lose customers who are looking for something more affordable.
Check back with this page for updates on the Version 2 Peloton Tread – we will continue to update this page as more information is revealed.