A component transfer apparatus and method includes a mounting member on which a lower frame of a rack can be mounted and which is driven to move up and down in order to take out or retrieve components from the rack in which the components can be aligned and accommodated in a vertical direction; an upper push member that is arranged to face the mounting member from above and driven to move up and down in order to push the upper frame of the rack from above; and a carrying hand that can reciprocate between a retracted position where it faces the upper push member from below and a protruding position where it protrudes from the upper push member in a horizontal direction and that is driven to move up and down so as to enter a space below the upper frame to carry and suspend the rack at the protruding position and so as to move down the rack onto the mounting member at the retracted position. As a result, the rack can be smoothly carried in or carried out and the components can be smoothly supplied and retrieved, whereby operation efficiency can be enhanced and productivity can be improved.