The invention provides a martensite precipitation hardening stainless steel for structural member and a manufacturing method thereof. The martensite precipitation hardening stainless steel comprises the following chemical components in percentage by weight: less than or equal to 0.05 percent of C, 13.50 to 15.50 percent of Cr, 2.5 to 4.0 percent of Cu, 3.0 to 5.0 percent of Ni, 0.15 to 0.40 percent of Nb and Ta, 0.010 to 0.040 percent of N, 0.050 to 0.15 percent of V, less than or equal to 0.80 percent of Si, less than or equal to 1.00 percent of Mn, less than or equal to 0.025 percent of P, less than or equal to 0.010 percent of S, and the balance of Fe and inevitable impurities. The stainless steel is smelted by combining an electric furnace, AOD refining and vacuum self-consuming technology, so the stainless steel has the characteristics of high strength, good plasticity, good corrosion resistance and the like, and can meet the requirements of high-strength components such as high-pressure values, oil drill, efficient heavy-duty machinery and the like on material performance.