A component handling system for use in a wind turbine, the wind turbine including a rotor, a drive train assembly supported from a support frame, and a drive shaft rotatably coupled between the rotor and the drive train assembly, said component handling system removably coupled to a component of the drive train and a lifting device, and configured to adjust an orientation of the component within multiple planes to facilitate removing the component from the wind turbine without removing the rotor from the wind turbine, said component system comprising a positioning assembly including an actuator that is coupled to the component and to the support frame and configured to move the component along a longitudinal axis with respect to the drive shaft.