The bushing element is established for dynamic modeling of rolling linear guideway joints based on the movement characteristics of guideway. The effectiveness of the bushing element is verified by the numerical and experimental examples. Base on the fact that the guideway joint has significant influence on the dynamic performance of the whole structure，the model updating technique combined with the substructure method is proposed for parameter identification of bushing element. A simulation example of dumbbell structure is used to verify the effectiveness of the proposed parameter identification method. Based on the simulation example，a dumbbell structure with single slider rolling guideway is used for bushing element parameter identification and model verification. The effectiveness and universality of the bushing model is verified by a rolling linear guideway structure which contains four sliders. The engineering application of the bushing element is verified by the structure of rolling linear guideway moving platform of special ring welding machine. The results show that the bushing model is simple for application，the dynamic modeling error for single slider rolling linear guideway is within 5% and the error for four sliders rolling guideway system is within 12%，and the error of engineering structure of moving platform with four sliders is about 11%.