Building material installation equipment includes: a sucking device for sucking panels, a rotating device for driving the sucking device to rotate, a cross translation device, a swinging device and a mechanical arm; a slip ring is arranged in the rotating device and electrically connected with the sucking device; the cross translation device comprises longitudinal translation plate and transverse translation plate which are capable of driving the sucking device to make a translational movement; the longitudinal translation plate and the transverse translation plate are arranged in a direction parallel to gravity, and are fitted; and the swinging device can drive the cross translation device to swing to one side of the mechanical arm.