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This bicycle repair kit I bought from LIDL comes with all the same tools as the famous Wera Tool-Check Plus but costs 11€
(i.imgur.com)
10x cheaper than the original. Likely not Wera quality but probably not 10x worse either. I've been quite happy with the other Parkside tools I've got.
The ones I've needed to replace are usually stuff that was junk to begin with. I can't even remember the last time something actually broke or wore out on me. Cheap doesn't automatically mean bad quality. I've got cheap tools still in use that I bought while I was in trade school, and I use this stuff for a living. If I buy a cheap 150-piece socket set, for example, and the ratchet and a few of the most commonly used sockets need to be replaced with premium quality ones after five years, it'll still be cheaper than buying the name-brand set. I don't need a Snap-on 12mm socket.