The invention discloses a plasma 3D fast forming and remanufacturing method and equipment of train wheels. The equipment comprises a monitoring system, a plasma beam machining system, a machining device for machining to-be-repaired train wheels, a three-axis moving mechanism for driving the machining device to move and a horizontal printing platform for placing the to-be-repaired train wheels. The plasma beam machining system comprises a plasma generator, a gas supply device, a feeding device and a printing positioning adjusting device. The monitoring system comprises a horizontal movement controller, a temperature detecting unit, a distance detecting unit, a printing distance adjusting controller and a rotation controller, wherein the temperature detecting unit and the printing distance adjusting controller form a temperature adjusting and control device. The method includes the steps of firstly, detecting train wheel defects; secondly, repairing the train wheels. The plasma 3D fast forming and remanufacturing method and equipment has the advantages that the equipment is reasonable in design, simple to operate, high in efficiency, good in use effect and high in repairing efficiency, a closed forming room is not needed, the repairing process is directly performed under an atmospheric environment, and the repaired train wheels are good in quality.