In the presence of manufacturing errors, the dynamic properties of herringbone planetary gear train (HPGT) can be altered from the originally designed properties to have undesired behavior. In this paper, by considering the herringbone gear actual structure characteristics, manufacturing eccentric errors of members (i.e., carrier and gears) and tooth profile errors of gears, time-varying meshing stiffness, bearing deformation, and gyroscopic effect, a novel lateral–torsional–axial coupling dynamic model for the herringbone planetary gear system is formulated by using the lumped-parameter method, which is able to be employed in the dynamic feature analysis of the HPGT with an arbitrary number of planets and different types of manufacturing errors. By applying the variable-step Runge–Kutta algorithm, the dynamic response of a HPGT system is studied for cases with and without planet–gear eccentric error excitations. The dynamic contact forces of gears and bearings are analyzed for the two cases in time and frequency domains, respectively. Moreover, the effect of the planet–gear eccentricity on the vibration accelerations of the HPGT system is also discussed. The obtained results indicate that manufacturing error excitations such as the planet–gear eccentricity have a pronounced influence on the dynamic behavior of the HPGT system.