High-end mechanical equipment often operates under non-stationary conditions, such as varying loads, changing speeds, and transient impacts, which can lead to failures. Time-frequency analysis (TFA) integrates time and frequency parameters, allowing for detailed signal analysis and is widely used in this context. To improve the accuracy of assessing the operational status of mechanical equipment, this paper proposed a multi-modal signal adaptive time reassignment multiple synchrosqueezing transform (MSST) TFA method. This method enhances the MSST method by using a local maximum technique to address energy ambiguity in TFA. Additionally, the optimal window width for each function is determined through iterative processes to better concentrate energy in the TFA. Multi-modal signals are jointly analyzed using an impulse feature extraction method for signal reconstruction, enabling multi-dimensional fault analysis. The proposed method is validated with both simulation and experimental data from a planar parallel mechanism (PPM) and is compared against classical and advanced techniques. The results show that the method effectively captures shock features in multi-modal signals, offering a more consolidated time-frequency representation (TFR) than existing TFA algorithms.