As said, it's branding.
What that means depends largely upon your philosophy. On the positive side, I know that ordering today at a reasonable time, the gear will be with me in the morning. I know that it will be of good quality and fit for the job described. I know if it isn't or it fails - then regardless of this or that EU Consumer Directive ( new one effective Friday 13th June ) then Woodlore will take it back, sort it or refund.
I have a Woodlore belt - had it years. I like it a lot. It cost a substantial amount of money - but in my view wasn't expensive ie in terms of what I got.
Several on here make belts - some will be as good as that belt, a few maybe better, a couple will very likely be worse. Of those makers substantially cheaper than the Woodlore product, I ponder how many actually make a living wage from it? I know one very well and rate his work highly, but truth be told he undercharges close to 50% what should sensibly be charged. They carry on supported by a day job. That's their choice and I do not criticise it.
This can't be applied universally - there's some very highly priced tat out there. The adage ' you get what you pay for' needs so many caveats as to be meaningless these days. That's unfortunate.
Ultimately its about choice. You get to choose what you want to do.