The invention belongs to an assembling type variable cross-section expanding and withdrawing slip form system and a construction method thereof. The assembling type variable cross-section expanding and withdrawing slip form system comprises inner and outer trusses and a portal formed by assembled frames, auxiliary discs, inner and outer mold plates, climbing penetration type hydraulic jacks and the like which form a system of a variable cross-section size. The construction method comprises the following steps: respectively manufacturing components such as the assembled frames according to sizes of designed thin-walled hollow piers, respectively assembling the inner and outer trusses applicable to design sizes of the thin-walled hollow piers by using bolts and screw nuts on a construction site, performing overall synchronous lifting on the inner and outer trusses, and the like. A plurality of truss units are formed in a modulation assembling mode, the plurality of the truss units are further assembled into the slip form truss system, and thus the slip form system has the advantages of being convenient and flexible to assemble, good in repeated use, possible in separated conveying, small in material quantity, applicable to pier stud cross sections of different sizes, rapid in construction speed, saving in time and labor, low in construction cost, good in construction quality, good in security and good in use effect.