The invention discloses a tackle circulating transporting device and a conveying method thereof. The device comprises a tackle workpiece locking external force device, a tackle workpiece loosening external force device, a tackle transferring-to-clamp switching device, a tackle control mechanism, a tackle movement mechanism, rails and multiple tackles arranged on the rails. The rails comprise the movable rail and the fixed rail. The fixed rail comprises parallel conveying rail bodies and return rail bodies. A movable rail switching device is arranged between the movable rail and the fixed rail. The tackles are distributed on various stations of a production line, the space of a plant is not independently occupied, no lifting mechanism is arranged, the scale space in the height direction is reduced, and the ergonomic problem of an existing reciprocating conveying mechanism is solved. The tackle circulating transporting device can directly work on the tackles without affecting the production takt, the number of the tackles needed for circulating conveying is small, conveyance and return of the tackles can be achieved through the same tackle movement mechanism, and therefore tackle circulation is achieved, and the utilization efficiency of the conveying device is improved.