The present study concentrates on the development of carbide-free bainite steel and explores its tribological and mechanical characteristics using a newly devised disk-on-disk tribometer. The microstructure of the treated samples was examined through heat treatment at various holding temperatures (300, 350, and 400 °C) and durations (10, 20, and 30 min), along with isothermal transformation. The wear rate demonstrated significant sensitivity to holding duration, transformation temperature, phase fraction, and the stability of retained austenite. The microstructural analysis encompassed atomic force microscopy (AFM), FE-SEM, x-ray diffraction (XRD), and energy-dispersive x-ray spectroscopy (EDS). The study extensively investigated the robust correlation among mechanical properties, microstructure, wear behavior, and the presence of retained austenite (RA) and bainite volume fraction. The findings indicate that carbide-free bainite steel holds promise for replacing conventional railway wheel track steel in the steel industry. The structural property correlations have developed of high silicon steel, hardness reduced with increasing temperature and isothermal preserving time; resulting in a gradual increase in the wear rate of CFB steel. The salt bath soaking temperature of 350 °C with a period of 30 min was found to be the preeminent wear properties condition for CBF steel.