An analysis of common reinforcement methods of machine parts and theoretical bases for the selection of their chemical composition were carried out. Prospects for using flux-cored arc welding (FCAW) to restore and increase the wear resistance of machine parts in industries such as metallurgy, agricultural, wood processing, and oil industry were presented. It is noted that conventional series electrodes made of tungsten carbide are expensive, which limits their widespread use in some industries. The scope of this work includes the development of the chemical composition of tungsten-free hardfacing alloys based on the Fe-Mo-B-C system and hardfacing technology and the investigation of the microstructure and the mechanical properties of the developed hardfacing alloys. The composition of the hardfacing alloys was developed by extending the Fe-Mo-B-C system with Ti and Mn. The determination of wear resistance under abrasion and impact-abrasion wear test conditions and the hardness measurement by means of indentation and SEM analysis of the microstructures was completed. The results obtained show that the use of pure metal powders as starting components for electrodes based on the Fe-Mo-B-C system leads to the formation of a wear-resistant phase Fe(Mo,B)2 during FCAW. The addition of Ti and Mn results in a significant increase in abrasion and impact-abrasion wear resistance by 1.2 and 1.3 times, respectively.