Multiaxis machine tools are widely used in manufacturing. The measurement of motion error is important to improve the machining accuracy of machine tools. A double ball bar (DBB), as a high-precision single-dimensional position reading device, is widely used to measure the motion error of the circular path of machine tools. However, the motion errors contain the cylindrical radial and axial errors with respect to the circular path plane. Therefore, the measurement results of the DBB are incomplete because they do not contain axial errors. To measure the motion error of the circular path accurately, completely and concisely, a novel measurement method based on the combined double ball bar (C-DBB) is proposed in this paper, which can directly measure the radius and axial motion error of the circular path in one measurement. First, the measuring principle of the C-DBB method is introduced, and the measurement model of the radius and axial motion error of the circular path is established. Then, a measuring device using the C-DBB method was designed based on the lever principle, and the error parameters of the designed device were analyzed. According to the error analysis results, the measurement results of the C-DBB method were compensated and corrected. Finally, the C-DBB method is used to measure the circular path on the vertical CNC milling machine, and the results are compared with the measurement results using the DBB method. It is shown that the proposed C-DBB method can obtain high-precision multidimensional motion error in a single measurement, and the designed measuring device based on the C-DBB method has high repeatability and good circular path measuring ability. The proposed method provides an effective method for machine tool multidimensional motion error measurement and compensation.