Spinning at home was already hot, but in yet more support for the old adage, “It’s an ill wind that blows nobody any good,” business has been even better since the dawn of the coronavirus pandemic. “Since mid-March, Peloton’s stock has soared 95 percent, valuing the New York company at $10 billion, or twice as much as the gym chain Planet Fitness,” writes Erin Griffith in the New York Times. “Last month, Peloton reported a record: More than 23,000 people had joined one of its live classes.”
Do you care? If you’re not looking to invest in the sector, you probably wonder more whether a $2,245 Peloton bike or the recently released $3,500 Wahoo KICKR Smart Bike are worth the expense. Mind you, both brands bake in financing that knocks monthly payments down to a more reasonable $50-$70 a month, but Wahoo made its name in part by creating a new kind of trainer called the KICKR, the best of which sell at a more approachable $900-$1,200.
The catch? You have to attach your own bike to them since these are essentially powered drivetrains with resistance that stand in for the rear wheel of your road-, gravel- or mountain bike. They work incredibly well, but if you don’t have an extra bike to leave on the trainer, the rear-wheel-removal-to-trainer swap process isn’t altogether seamless.
Would you be better off with a standalone trainer instead? And which one’s better?
Peloton Bike Overview
We’ll get to that, but just understand Peloton’s responding to a broader trend, which is training at home, not in the gym. Note that we didn’t say “riding” at home. Peloton’s notion is that you are not, strictly speaking, a cyclist. It may look like a spin bike, but Peloton wants you to think of the machine as a gateway to “gym-less membership,” which includes live and recorded running, yoga, strength, meditation, stretching, boot camp, walking and cardio classes. There’s even Amazon Fire TV integration, so you can seamlessly launch these workouts on your TV, plus Apple Watch pairing that guides you through exercise while using the Watch’s heart rate monitor for accurate calorie prediction.
