Future of Tenneco | Quantumrun

Future of Tenneco

Tenneco (previously Tenneco Automotive and originally Tennessee Gas Transmission Company) is a US company that has been publicly traded on the NYSE since November 5, 1999, under the symbol TEN. The company is headquartered in Lake Forest, Illinois, United States. It is an automotive component original equipment producer and develops and creates an after-market ride-control and emissions products.

Home Country: 
United States
Industry: 
Motor Vehicles and Parts
Industry vulnerability to disruption: 

Belonging to the motor vehicles and parts sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the plummeting cost of solid-state batteries and renewables, the data crunching power of artificial intelligence (AI), the increasing penetration of high-speed broadband, and the falling cultural attraction to car ownership among millennials and Gen Zs will lead to tectonic changes in the motor vehicle industry.
*The first giant shift will arrive when the price tag for an average electric vehicle (EV) reaches parity with an average gasoline vehicle by 2022. Once this happens, EVs will take off—consumers will find them cheaper to run and maintain. This is because electricity is usually cheaper than gas and because EVs contain significantly less moving parts than gasoline-powered vehicles, resulting in less strain on internal mechanisms. As these EVs grow in market share, vehicle manufacturers will shift most-to-all of their business to EV production.
*Similar to the rise of EVs, autonomous vehicles (AV) are projected to attain human levels of driving capability by 2022. Over the following decade, car manufacturers will transition into mobility service companies, operating massive fleets of AVs for use in automated ride-sharing services—direct competition with services like Uber and Lyft. However, this shift toward ridesharing will lead to significant reductions in private car ownership and sales. (The luxury car market will remain largely unaffected by these trends until the late 2030s.)
*The two trends listed above will result in the reduced volume of vehicle parts sales, negatively impacting vehicle parts manufacturers, making them vulnerable to future corporate acquisitions.
*Moreover, the 2020s will see increasingly devastating weather events that will further drive environmental awareness among the general population. This cultural shift will lead voters to pressure their politicians to support greener policy initiatives, including incentives to purchase EV/AVs over traditional gasoline powered cars.

Total patents held: 
615
Number of patents field last year: 
1
Ranking List: 
753
Ranking List: 
2017 Quantumrun Global 1000
491
Ranking List: 
2017 Quantumrun US 500
Ranking List: 
2017 Quantumrun Silicon Valley 100
Market Revenue Country: 
Market country 
North America
Revenue from country 
0.49
Market country 
Europe
Revenue from country 
0.35
Prod/Serv name revenue: 
Prod/Serv name: 
Clean air
Prod/Serv revenue: 
6105290000
Prod/Serv name: 
Ride performance
Prod/Serv revenue: 
2493710000
Founded: 
1940
Company Name: 
Tenneco
3y average revenue: 
8314500000
Company profile data note: 
All company data collected from its 2015 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.
Global employee count: 
31000
Number of domestic locations: 
21
Funds in reserve: 
347000000
create term: 
#753 | 2017 Quantumrun Global 1000
#491 | 2017 Quantumrun US 500

Tenneco (previously Tenneco Automotive and originally Tennessee Gas Transmission Company) is a US company that has been publicly traded on the NYSE since November 5, 1999, under the symbol TEN. The company is headquartered in Lake Forest, Illinois, United States. It is an automotive component original equipment producer and develops and creates an after-market ride-control and emissions products.

Home country:
United States
Sector:
Motor Vehicles and Parts
Industry:
Motor Vehicles and Parts
Website:
Founded:
1940
Global employee count:
31,000

Financial Health

3y average revenue
$8,314,500,000 USD
Funds in reserve
$347,000,000 USD
#1 Market country
North America
% of revenue from country #1
0.49%
#2 Market country
Europe
% of revenue from country #2
0.35%

Asset Performance

#1 Product/Service/Dept. name
Clean air
#1 Product/Service revenue
$6,105,290,000 USD
#2 Product/Service/Dept. name
Ride performance
#2 Product/Service revenue
$2,493,710,000 USD

Innovation assets and Pipeline

Total patents held
615
Number of patents field last year
1
All company data collected from its 2015 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.

Disruption Vulnerability

Belonging to the motor vehicles and parts sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the plummeting cost of solid-state batteries and renewables, the data crunching power of artificial intelligence (AI), the increasing penetration of high-speed broadband, and the falling cultural attraction to car ownership among millennials and Gen Zs will lead to tectonic changes in the motor vehicle industry.
*The first giant shift will arrive when the price tag for an average electric vehicle (EV) reaches parity with an average gasoline vehicle by 2022. Once this happens, EVs will take off—consumers will find them cheaper to run and maintain. This is because electricity is usually cheaper than gas and because EVs contain significantly less moving parts than gasoline-powered vehicles, resulting in less strain on internal mechanisms. As these EVs grow in market share, vehicle manufacturers will shift most-to-all of their business to EV production.
*Similar to the rise of EVs, autonomous vehicles (AV) are projected to attain human levels of driving capability by 2022. Over the following decade, car manufacturers will transition into mobility service companies, operating massive fleets of AVs for use in automated ride-sharing services—direct competition with services like Uber and Lyft. However, this shift toward ridesharing will lead to significant reductions in private car ownership and sales. (The luxury car market will remain largely unaffected by these trends until the late 2030s.)
*The two trends listed above will result in the reduced volume of vehicle parts sales, negatively impacting vehicle parts manufacturers, making them vulnerable to future corporate acquisitions.
*Moreover, the 2020s will see increasingly devastating weather events that will further drive environmental awareness among the general population. This cultural shift will lead voters to pressure their politicians to support greener policy initiatives, including incentives to purchase EV/AVs over traditional gasoline powered cars.