The invention discloses a magnetic circuit assembly system and a magnetic circuit assembly method. The magnetic circuit assembly system comprises a machine cabinet, a rotating disc and a fixed disc are arranged on the machine cabinet, a plurality of jig seats are arranged on the rotating disc, the rotating direction of the rotating disc is sequentially provided with a T iron feeding device, a first dispensing device, a magnet feeding device, a pressing device, a second dispensing device, a magnetic gauge feeding device, a basin pressing frame device and a discharging device, T iron feeding operation, T iron dispensing operation, magnet feeding operation, pressing magnet operation, magnet dispensing operation, magnetic gauge feeding operation, manual basin placing frame operation, basin pressing frame operation and discharging operation can be sequentially carried out, and then conveying to rest production lines is carried out. According to the system and the method, the rotating disc drives the jig seats to rotate, the jig seats can sequentially carry out various assembly operations, the automatic assembly of a magnetic circuit assembly is basically realized, the product quality and the processing efficiency are improved, the labor cost is greatly reduced, the occupied space of equipment is reduced, and the productivity is increased.