The invention provides stretching-setting equipment for wool and a setting process. The stretching-setting equipment comprises a stretched wool top setting and input device, a wool tool setting device and a stretched wool top output device. Wool stretching-setting equipment is sealed and works at the temperature ranging from 80 DEG C to 100 DEG C and has relative humidity ranging from 90% to 100% at the plodding speed from 3 to 5 meters/minute. The stretching-setting equipment for wool and the setting process have following beneficial effects: occupation space of equipment is greatly decreased; cost of manufacture and production is reduced; energy consumption is reduced; wool is set for multiple times; and a setting effect is improved compared with conventional equipment.