The invention provides a cam shock wave type double-stage planar steel ball reducer. The cam shock wave type double-stage planar steel ball reducer comprises an input shaft, a lip type sealing ring, aleft end cover, a first-stage center wheel, a first-stage shock wave cam, a first-stage steel ball, a shell, a first thin-wall bearing, a first-stage guide frame, a second-stage center wheel, a second-stage steel ball, a second-stage shock wave cam, a cross roller bearing, a deep groove ball bearing, a sleeve cup, a check ring and a second thin-wall bearing. The first-stage shock wave cam and thesecond-stage shock wave cam are hinged to the corresponding shaft section through the second thin-wall bearing, the right side of the second thin-wall bearing is limited through the check ring, the left end cover is connected to the left end of the first-stage center wheel through screws, the right end of the first-stage center wheel and the shell are fixedly arranged at the left end of the second-stage center wheel through screws, and the cross roller bearing and the right end of the second-stage center wheel are fixedly connected. The cam shock wave type double-stage planar steel ball reducer has the advantages of being simple and compact in structure, high in transmission efficiency, wide in transmission ratio range, large in bearing capacity and the like, can be subjected to parameterization and serialized design and is suitable for wide application.