In this work, TiC/M2 high speed steel metal matrix composites (MMCs) were prepared using the ball milling method and laser powder bed fusing process. By controlling the TiC content in TiC/M2HSS, the grain size, phase composition, and frictional wear properties of the samples were enhanced. The results showed that when TiC/M2HSS was supplemented with 1% TiC, the surface microhardness of the samples increased to a maximum value and the wear volume decreased by approximately 39%, compared to pure M2HSS. The hardness and friction wear properties of the TiC/M2HSS composites showed a decreasing trend as the TiC content increased, owing to an increase in internal defects in the samples, as a result of excess TiC addition. The physical phases of the TiC/M2HSS MMC samples prepared by LPBF were dominated by the BCC phase, with some residual FCC phases and carbide phases. This work explored the possibility of enhancing the frictional wear performance of TiC/M2HSS samples by controlling the TiC content.