Due to the toxicity associated with chromium electrodeposition, alternatives to that process are highly sought after. One of those potential alternatives is High Velocity Oxy-Fuel (HVOF). In this work, a HVOF installation is compared with chromium electrodeposition from environmental and economic points of view by using Life Cycle Assessment (LCA) and Techno-Economic Analysis (TEA) for the evaluation. Costs and environmental impacts per piece coated are then evaluated. On an economic side, the lower labor requirements of HVOF allow one to noticeably reduce the costs (20.9% reduction) per functional unit (F.U.). Furthermore, on an environmental side, HVOF has a lower impact for the toxicity compared to electrodeposition, even if the results are a bit more mixed in other impact categories.