Titanium alloy is an essential material for preparing aerospace engines because of its excellent performance. However, the poor wear resistance of titanium alloy restricts its further development as a critical engine material. This study aimed to use laser cladding and particle enhancement technologies to enhance the surface wear resistance of titanium alloy. (NiCoCr)94Al3Ti3+hBN, (NiCoCr)94Al3Ti3+cBN, and (NiCoCr)94Al3Ti3+hBN + cBN were prepared on the surface of titanium alloy, and the wear resistance mechanism of single-phase self-lubricating particles, single-phase hard particles, and self-lubricating and hard biphasic particles was investigated. The results showed that the microhardness of the biphase-reinforced coating was 1083.8 HV0.5, which was higher than that of the self-lubricating particle-reinforced coating and hard-particle-reinforced coating by 368.4 HV0.5 and 149.8 HV0.5, respectively. The friction coefficient of the biphase-reinforced coating was 0.4208, which was lower than that of the self-lubricating particle-reinforced coating and hard-particle-reinforced coating by 0.0224 and 0.0686, respectively. The wear rate of the biphase-reinforced coating was 0.076 mm3/NM, and the wear resistance of the biphase-reinforced coating was 3.42 and 1.37 times that of the self-lubricating particle-reinforced coating and hard-particle-reinforced coating, respectively. hBN relied on its own decomposition to promote the coating to present a layered unstable structure to achieve a wear reduction effect, cBN relied on its own hardness to resist wear and played a wear-resistant role, whereas biphase-reinforced coating had a hard wear resistance and formed a lubricating film to enhance the wear resistance of the coating. The comprehensive performance of the dual-phase wear-resistant coating reinforced by hard particles and self-lubricating particles was better than that of single-phase wear-resistant coating, providing a reference for developing wear-resistant coating integrating hardness and self-lubrication.