Aimed at the rapid non-contact measurement problem of a revolving workpiece’s radial and axial dimensions, a fast and high-precision visual inspection method has been presented in this paper. For the workpiece with large axial size, the proposed method established the measurement transformation chain using the object-image and object-object transformations, thus realizing the rapid axial dimensional measurements. For the workpiece with large radial size, this method determined the measurement transformation model based on two-dimensional target and measurement correspondence relationship, and further achieved rapid radial dimensional measurements. The experimental results have shown that the method is effective and can be applied to in situ dimensional measurement of revolving workpieces on high quality production lines.