Do you need a drill press?
Woodworkers don't spend a lot of time discussing drill presses. When setting up a shop it may seem like a luxury: you already have a hand drill, so why bother taking up bench space (or floor space) with another stationary tool?
How it differs from a hand-held drill
I don't believe a drill press is an essential tool, but it makes woodworking easier in certain situations. It has a few major features that separate it form a hand-held drill. The biggest one is that it has a table which is perpendicular to the drill bit. Drilling straight holes is a surprisingly common woodworking task and one that is much more difficult with a hand drill.
Secondly, a drill press allows you to lock in the depth of cut so you can bore repeated holes all at the same depth. This saves a lot of effort and is much more precise than wrapping a blue tape stop indicator on your cordless drill bits.
In this Mere Mini, I'll give a very brief overview of my drill press. This video is aimed at beginning woodworkers or anyone who has wondered if he or she should consider buying one.