The search for alternatives to hard chrome platings, which have been used in the aviation sector for an extended time but have begun to be abandoned due to their negative effects on human and environmental health, has continued in recent years. Hard chrome plating's primary application in the aviation sector is for wear performance. Electroless Ni–P platings lack the necessary hardness and wear resistance compared to hard chrome platings. The purpose of this study was to determine whether these coatings might be used in place of hard chrome plating and to determine how heat treatment affected the tribological performance of electroless Ni–P platings applied to steel substrates. Hard chrome and electroless Ni–P platings were applied to five different steel substrates. The coatings’ microstructure, bending, corrosion resistance, hardness, and dry sliding wear tests were conducted. It has been shown that heat treating the Ni–P platings can result in appreciable increases in hardness and tribological performance. In the heat-treated coatings, hardness values were higher than those of the hard chrome platings. It was concluded that although hard chrome plating showed better wear resistance, heat-treated electroless Ni–P platings have the potential to compete with hard chrome platings in terms of tribological performance.