The invention relates to an engine demounting and mounting trailer. According to the technical scheme, the trailer is composed of a mounting vehicle, a demounting and mounting platform and a hydraulic system. The mounting vehicle comprises a walking mechanism, two lifting mechanisms, a transverse moving mechanism and a guide rail mechanism. The two lifting mechanisms are installed at the two ends of the walking mechanism respectively and drive the transverse moving mechanism to ascend or descend, and the transverse moving mechanism drives the guide rail mechanism to move. The mounting vehicle and the demounting and mounting platform are movably connected through the guide rail mechanism. The demounting and mounting platform comprises a platform, a longitudinal sliding guide rail, a carriage, a bracket, a main fixing supporting piece, an auxiliary fixing supporting piece, a bearing outrigger, an adjusting pull rod and a traction device. The lifting mechanisms are controlled by the hydraulic system. The trailer is simple in operation, the position of an engine conveying device can be adjusted on the X axis, the Y axis and the Z axis in six directions, forward movement, backward movement, transverse movement, ascent, descent and rolling movement can be achieved, and therefore the requirements for separating and matching of butt joint working faces are met.