The pine caterpillar (Dendrolimus spectabilis Bulter, Lepidoptera: Lasiocampidae) is a destructive insect threatening forest communities across Eurasia. The pest is polyvoltine, and under global warming, more favorable temperatures can lead to additional generations. Here, we simulated the pine caterpillar voltinism under current and future climatic scenarios based on insect thermal physiology and cumulative growing degree day (CGDD) model. Subsequently, we revealed the future change patterns of the voltinism along elevational and latitudinal gradients. The results showed that both CGDD and pine caterpillar voltinism are increasing. The current voltinism of pine caterpillar ranges from 1.26 to 1.56 generations (1.40 ± 0.07), with an increasing trend of 0.04/10a. Similar trends are expected to continue under the future climate scenarios, with values of 0.01/10a, 0.05/10a, 0.07/10a, and 0.09/10a for the SSP1-2.6, SSP2-4.5, SSP3-7.0, and SSP5-8.5 scenarios, respectively. At the elevation and latitudinal gradients, voltinism increases across all ranges, peaking at 500–1000 m and latitudes of 34–34.5° N. This study highlights that the increase in voltinism is not limited to low-elevation and -latitude regions but is predicted across various elevations and latitudes. These findings can enhance our understanding of how climate change affects pine caterpillar voltinism and contribute to forest pest management strategies, although this study assumes a linear relationship between temperature and voltinism, without considering other ecological factors.