The high-velocity oxyfuel spraying (HVOF) method was used to coat Fe-Cr-Ti-based coating material Fe60Mo5C15Si10Cr0Ti10, Fe50Mo5C15Si10Cr10Ti10, Fe50Mo5C15Si10Cr10Ti0 on base material 316L stainless steel. A comparative analysis was performed to investigate the effect of alloying element chromium and titanium on corrosion and erosion properties of Fe-Cr-Ti coating material. NaCl solution (3.5 wt.) was used for the study of corrosion behaviour. The steady-state erosion wear was examined by varying parameters such as impact speed and impact angle. It was found that the micro-hardness and fracture toughness of Fe-Cr-Ti coating material with 10 wt-% titanium were 18.02 and 5.08% more than those of the coating material with 10 wt-% chromium, respectively. This showed that titanium played a more significant role than chromium in terms of mechanical and erosion properties and a less significant role in terms of corrosion behaviour. Fe50Mo5C15Si10Cr10Ti10 indicated the least wear and a smooth surface with very few pores and wear scars.